California State Teachers Retirement System Raises Stock Position in Clean Harbors, Inc. $CLH

California State Teachers Retirement System lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 22.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,158 shares of the business services provider's stock after acquiring an additional 10,858 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Clean Harbors worth $16,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in shares of Clean Harbors by 8.9% in the first quarter. Assetmark Inc. now owns 430 shares of the business services provider's stock worth $123,000 after buying an additional 35 shares during the period. SkyView Investment Advisors LLC raised its holdings in shares of Clean Harbors by 2.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider's stock valued at $549,000 after buying an additional 53 shares during the period. US Bancorp DE raised its holdings in shares of Clean Harbors by 16.9% during the 3rd quarter. US Bancorp DE now owns 374 shares of the business services provider's stock valued at $87,000 after buying an additional 54 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in 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 worth $608,000 after acquiring an additional 59 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in Clean Harbors by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider's stock worth $1,021,000 after acquiring an additional 60 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares of the company's stock, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 5.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CLH. Oppenheimer reaffirmed an "outperform" rating and issued a $350.00 price objective on shares of Clean Harbors in a research report on Thursday. Needham & Company LLC increased their target price on Clean Harbors from $325.00 to $390.00 and gave the company a "buy" rating in a research note on Thursday. The Goldman Sachs Group reissued a "neutral" rating on shares of Clean Harbors in a research report on Wednesday. Raymond James Financial reiterated a "strong-buy" rating and set a $375.00 price objective on shares of Clean Harbors in a research note on Thursday. Finally, UBS Group increased their target price on Clean Harbors from $300.00 to $315.00 and gave the stock a "neutral" rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $354.57.

Key Clean Harbors News

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Strong Q2 earnings beat: Clean Harbors reported earnings of $3.22 per share versus the $2.81 consensus estimate, while revenue reached $1.735 billion, ahead of the $1.64 billion forecast. Revenue increased 11.9% year over year, and earnings rose from $2.36 per share in the prior-year quarter. Clean Harbors Q2 Earnings Snapshot
• Positive Sentiment: Analysts raised targets: TD Cowen increased its target to $380, Citi to $376, Stifel to $364, Truist to $365 and Wells Fargo to $349. Citi, Stifel, TD Cowen and Truist maintained or assigned “buy” ratings, signaling confidence that the company’s growth can continue. Clean Harbors Analysts Boost Their Forecasts
• Positive Sentiment: Growth outlook remains attractive: Zacks highlighted Clean Harbors’ above-average financial growth and long-term market-outperformance potential. The company also reached a new one-year high following the earnings release, reflecting strong investor momentum. 3 Reasons Why Growth Investors Shouldn't Overlook Clean Harbors
• Neutral Sentiment: Mixed analyst stance: Wells Fargo raised its price target substantially but retained an “equal weight” rating. The broader analyst consensus is “moderate buy,” suggesting optimism but not universal conviction.
• Negative Sentiment: Valuation and profit-taking risks: With the stock near its 52-week high and trading at roughly 38 times earnings, some investors may be taking profits or questioning whether further gains are already priced in. GuruFocus also characterized the shares as overvalued despite a strong overall score. Clean Harbors Valuation Analysis

Clean Harbors Stock Up 0.1%

Clean Harbors stock opened at $313.15 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $335.94. The company has a 50-day simple moving average of $295.64 and a 200-day simple moving average of $288.93. The firm has a market capitalization of $16.53 billion, a P/E ratio of 38.00, a P/E/G ratio of 2.06 and a beta of 0.86.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The firm had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $2.36 EPS. Clean Harbors's quarterly revenue was up 11.9% on a year-over-year basis. As a group, equities analysts expect that Clean Harbors, Inc. will post 9.51 earnings per share for the current year.

Clean Harbors Company 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.

Want to see what other hedge funds are holding CLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Harbors, Inc. (NYSE:CLH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.