Clean Harbors, Inc. $CLH Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,275 shares of the business services provider's stock after selling 883 shares during the period. California State Teachers Retirement System owned 0.11% of Clean Harbors worth $17,409,656 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CLH. Assetmark Inc. lifted its stake in Clean Harbors by 8.9% during the first quarter. Assetmark Inc. now owns 430 shares of the business services provider's stock worth $123,000 after purchasing an additional 35 shares during the last quarter. NewEdge Advisors LLC raised its stake in Clean Harbors by 2.6% in the first quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider's stock valued at $572,000 after buying an additional 50 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Clean Harbors by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider's stock valued at $608,000 after acquiring an additional 59 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Clean Harbors by 0.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,948 shares of the business services provider's stock worth $2,852,000 after buying an additional 61 shares during the last quarter. Finally, Acorn Wealth Advisors LLC lifted its stake in Clean Harbors by 6.9% during the fourth quarter. Acorn Wealth Advisors LLC now owns 1,007 shares of the business services provider's stock worth $236,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Stock Down 0.2%

CLH traded down $0.61 during trading on Tuesday, reaching $322.38. 63,342 shares of the stock traded hands, compared to its average volume of 497,580. The stock's 50-day simple moving average is $312.57 and its two-hundred day simple moving average is $299.74. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. The stock has a market cap of $17.02 billion, a price-to-earnings ratio of 39.16, a price-to-earnings-growth ratio of 2.08 and a beta of 0.85.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, topping analysts' consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.36 earnings per share. As a group, equities research analysts expect that Clean Harbors, Inc. will post 9.73 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on CLH. Raymond James Financial reissued a "strong-buy" rating and set a $375.00 target price on shares of Clean Harbors in a report on Thursday, July 30th. Bank of America set a $377.00 price objective on Clean Harbors and gave the company a "buy" rating in a report on Thursday, July 30th. Truist Financial upped their price target on Clean Harbors from $350.00 to $365.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Citigroup upped their price target on Clean Harbors from $349.00 to $376.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group restated a "neutral" rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of "Moderate Buy" and an average price target of $354.57.

Insider Buying and Selling

In other news, Director Andrea Robertson sold 789 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the sale, the director owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric Gerstenberg sold 2,500 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer directly owned 56,793 shares of the company's stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.00% of the stock is currently owned by insiders.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy and industrial services throughout the United States and Canada. The company manages hazardous and non-hazardous waste through services that include collection, transportation, treatment, disposal, recycling and incineration. It also provides emergency spill response, wastewater treatment and specialized environmental remediation.

Through its industrial services operations, Clean Harbors supports refineries, chemical plants, utilities, manufacturers and other industrial customers with maintenance, cleaning, turnaround and specialty services.

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