Strs Ohio Reduces Holdings in Clean Harbors, Inc. $CLH

Key Points

• Strs Ohio cut its stake in Clean Harbors by 50.7% in Q4, selling 21,998 shares and leaving the fund with 21,413 shares valued at about $5.02 million.
• Company insiders have been net sellers recently — CFO Eric J. Dugas sold 2,788 shares (~$784k) and Director Marcy L. Reed sold 836 shares, with insiders offloading 13,597 shares worth $3.90 million over the last 90 days.
• Operationally Clean Harbors slightly beat Q4 expectations (EPS $1.62 vs. $1.59; revenue $1.50B vs. $1.46B) and carries a consensus "Moderate Buy" rating with an average target of about $314 (some firms' targets as high as $350).

Strs Ohio lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 50.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,413 shares of the business services provider's stock after selling 21,998 shares during the period. Strs Ohio's holdings in Clean Harbors were worth $5,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in CLH. HB Wealth Management LLC increased its stake in Clean Harbors by 5.2% during the third quarter. HB Wealth Management LLC now owns 990 shares of the business services provider's stock worth $230,000 after acquiring an additional 49 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Clean Harbors by 0.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider's stock valued at $2,197,000 after purchasing an additional 49 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Clean Harbors by 5.4% during the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider's stock worth $242,000 after purchasing an additional 53 shares during the period. SkyView Investment Advisors LLC increased its position 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 worth $549,000 after purchasing an additional 53 shares during the last quarter. Finally, US Bancorp DE increased its position 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 worth $87,000 after purchasing an additional 54 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas sold 2,788 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $281.31, for a total value of $784,292.28. Following the completion of the transaction, the chief financial officer owned 15,933 shares of the company's stock, valued at $4,482,112.23. This trade represents a 14.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Marcy L. Reed sold 836 shares of the business's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the transaction, the director directly owned 5,081 shares of the company's stock, valued at $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,597 shares of company stock worth $3,895,286 over the last 90 days. 5.00% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Performance

NYSE CLH opened at $313.46 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The company has a market cap of $16.71 billion, a P/E ratio of 43.06 and a beta of 0.92. The stock has a 50-day moving average of $294.61 and a two-hundred day moving average of $260.07. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $316.98.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.03. The business had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. As a group, analysts anticipate that Clean Harbors, Inc. will post 8.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CLH shares. Robert W. Baird upped their target price on shares of Clean Harbors from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Thursday, April 16th. Weiss Ratings cut shares of Clean Harbors from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, April 9th. Oppenheimer upped their price objective on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an "outperform" rating in a report on Thursday, February 19th. Needham & Company LLC increased their price objective on shares of Clean Harbors from $290.00 to $308.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Finally, Barclays lifted their target price on shares of Clean Harbors from $230.00 to $280.00 and gave the company an "equal weight" rating in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $314.00.

About Clean Harbors

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.

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