Strs Ohio Purchases 11,899 Shares of Clean Harbors, Inc. $CLH

Strs Ohio boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 55.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,312 shares of the business services provider’s stock after acquiring an additional 11,899 shares during the period. Strs Ohio’s holdings in Clean Harbors were worth $9,552,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CLH. Quattro Advisors LLC bought a new position in shares of Clean Harbors in the fourth quarter worth about $26,000. Elyxium Wealth LLC bought a new stake in Clean Harbors during the 4th quarter valued at approximately $26,000. Parkside Financial Bank & Trust grew its holdings in Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after buying an additional 80 shares during the last quarter. MidFirst Bank acquired a new stake in Clean Harbors in the 4th quarter valued at approximately $28,000. Finally, Larson Financial Group LLC increased its position in Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock worth $31,000 after buying an additional 115 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Lauren States sold 789 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $291.00 on Monday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $316.98. The firm has a market capitalization of $15.38 billion, a PE ratio of 39.43 and a beta of 0.86. The business’s 50 day moving average is $292.82 and its 200-day moving average is $279.83. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the company posted $1.09 earnings per share. Clean Harbors’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts predict that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup raised Clean Harbors from a “neutral” rating to a “buy” rating and increased their price objective for the company from $302.00 to $346.00 in a research report on Wednesday, April 8th. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. UBS Group increased their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Truist Financial raised their price target on shares of Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Robert W. Baird boosted their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.23.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.