Teacher Retirement System of Texas Increases Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Teacher Retirement System of Texas raised its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 41.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,824 shares of the business services provider's stock after buying an additional 2,875 shares during the period. Teacher Retirement System of Texas' holdings in Clean Harbors were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its position in Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after buying an additional 56 shares during the period. Blue Trust Inc. increased its holdings in Clean Harbors by 25.8% during the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after buying an additional 56 shares during the period. Scotia Capital Inc. increased its holdings in Clean Harbors by 0.4% during the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock valued at $3,282,000 after buying an additional 59 shares during the period. Brown Brothers Harriman & Co. raised its stake in Clean Harbors by 25.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider's stock worth $71,000 after buying an additional 62 shares in the last quarter. Finally, Pitcairn Co. lifted its holdings in Clean Harbors by 2.2% during the fourth quarter. Pitcairn Co. now owns 3,090 shares of the business services provider's stock worth $711,000 after buying an additional 67 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Clean Harbors

In other news, EVP Brian P. Weber sold 3,035 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the sale, the executive vice president owned 54,548 shares in the company, valued at $12,391,669.16. This represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Welch sold 1,250 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total value of $285,637.50. Following the sale, the director directly owned 11,402 shares in the company, valued at approximately $2,605,471.02. This trade represents a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,112 shares of company stock worth $3,416,406 in the last 90 days. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on CLH. UBS Group reduced their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Truist Financial reduced their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird raised their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group lowered their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $257.67.

Clean Harbors Stock Performance

NYSE:CLH traded up $1.59 during trading hours on Friday, hitting $232.84. 298,331 shares of the company were exchanged, compared to its average volume of 353,065. The stock has a market capitalization of $12.48 billion, a price-to-earnings ratio of 32.25 and a beta of 1.16. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. The company's 50 day moving average price is $228.28 and its 200-day moving average price is $220.05.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.07. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. Clean Harbors's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.29 EPS. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors Profile

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.