New York State Teachers Retirement System Sells 1,800 Shares of Clean Harbors, Inc. (NYSE:CLH)

New York State Teachers Retirement System cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,457 shares of the business services provider's stock after selling 1,800 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Clean Harbors worth $11,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CLH. QRG Capital Management Inc. bought a new position in shares of Clean Harbors during the fourth quarter valued at $250,000. Jones Financial Companies Lllp increased its holdings in shares of Clean Harbors by 337.2% during the fourth quarter. Jones Financial Companies Lllp now owns 411 shares of the business services provider's stock valued at $95,000 after acquiring an additional 317 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Clean Harbors by 39.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,846 shares of the business services provider's stock valued at $425,000 after acquiring an additional 523 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Clean Harbors by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 444,961 shares of the business services provider's stock valued at $102,403,000 after buying an additional 4,625 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Clean Harbors by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 345,205 shares of the business services provider's stock valued at $79,445,000 after buying an additional 10,320 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 3,035 shares of Clean Harbors stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total transaction of $689,460.95. Following the transaction, the executive vice president directly owned 54,548 shares of the company's stock, valued at $12,391,669.16. The trade was a 5.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alison A. Quirk sold 893 shares of Clean Harbors stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $223.69, for a total value of $199,755.17. Following the transaction, the director directly owned 2,978 shares in the company, valued at approximately $666,148.82. The trade was a 23.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,112 shares of company stock valued at $3,416,406. 5.60% of the stock is currently owned by company insiders.

Clean Harbors Stock Performance

NYSE:CLH traded up $3.81 on Friday, hitting $234.15. The stock had a trading volume of 332,433 shares, compared to its average volume of 352,050. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 32.43 and a beta of 1.16. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The business's 50-day simple moving average is $226.66 and its two-hundred day simple moving average is $220.00. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11.

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

Analyst Upgrades and Downgrades

CLH has been the topic of several recent analyst reports. UBS Group dropped their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Truist Financial dropped their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird increased their price objective on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC dropped their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Clean Harbors presently has an average rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Company 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.