Public Employees Retirement System of Ohio Sells 1,507 Shares of Clean Harbors, Inc. (NYSE:CLH)

Public Employees Retirement System of Ohio decreased its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,647 shares of the business services provider's stock after selling 1,507 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Clean Harbors were worth $4,291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Clean Harbors by 0.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 395,276 shares of the business services provider's stock valued at $90,969,000 after purchasing an additional 3,284 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Clean Harbors in the fourth quarter valued at about $543,000. Williams Jones Wealth Management LLC. grew its position in Clean Harbors by 148.0% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 50,459 shares of the business services provider's stock valued at $11,613,000 after acquiring an additional 30,111 shares during the last quarter. Zurich Insurance Group Ltd FI raised its stake in Clean Harbors by 21.7% during the fourth quarter. Zurich Insurance Group Ltd FI now owns 520,910 shares of the business services provider's stock worth $119,882,000 after acquiring an additional 92,785 shares in the last quarter. Finally, Twinbeech Capital LP bought a new position in shares of Clean Harbors in the fourth quarter worth about $1,013,000. Institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Up 0.2%

Shares of NYSE:CLH traded up $0.49 during midday trading on Tuesday, reaching $226.26. The company's stock had a trading volume of 27,034 shares, compared to its average volume of 348,347. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The firm has a 50 day moving average price of $213.24 and a two-hundred day moving average price of $223.44. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 30.49 and a beta of 1.19.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. The firm 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 16.33% and a net margin of 6.83%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 EPS. As a group, analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CLH. UBS Group reduced 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. Needham & Company LLC cut their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus lowered their price objective on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group cut their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, BMO Capital Markets reduced their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

Insider Activity

In other news, CFO Eric J. Dugas purchased 1,050 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the acquisition, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,833 shares of company stock worth $1,227,181 over the last quarter. 5.60% of the stock is currently owned by corporate insiders.

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.