Clean Harbors, Inc. $CLH Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its position in Clean Harbors, Inc. (NYSE:CLH) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,449 shares of the business services provider’s stock after buying an additional 5,518 shares during the quarter. New York State Common Retirement Fund owned approximately 0.16% of Clean Harbors worth $19,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. increased its stake in Clean Harbors by 127.2% during the second quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock worth $3,515,000 after purchasing an additional 8,514 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Clean Harbors in the second quarter valued at approximately $242,000. SG Capital Management LLC purchased a new stake in Clean Harbors during the 2nd quarter worth approximately $20,753,000. Fox Run Management L.L.C. acquired a new stake in Clean Harbors during the 2nd quarter worth approximately $741,000. Finally, Atria Investments Inc boosted its position in Clean Harbors by 21.1% in the 2nd quarter. Atria Investments Inc now owns 27,764 shares of the business services provider’s stock valued at $6,418,000 after buying an additional 4,842 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

CLH stock opened at $239.41 on Wednesday. The business has a 50 day moving average price of $224.64 and a 200 day moving average price of $230.69. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. The stock has a market cap of $12.79 billion, a price-to-earnings ratio of 33.21 and a beta of 0.95. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $257.50.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.16). The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 earnings per share. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CLH. Wells Fargo & Company initiated coverage on Clean Harbors in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $220.00 price objective on the stock. Raymond James Financial reduced their price target on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday. Barclays cut their target price on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Finally, UBS Group decreased their price target on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $255.25.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.