Teachers Retirement System of The State of Kentucky Purchases 8,197 Shares of Clean Harbors, Inc. (NYSE:CLH)

Teachers Retirement System of The State of Kentucky raised its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 54.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,349 shares of the business services provider's stock after purchasing an additional 8,197 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Clean Harbors were worth $4,603,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kapitalo Investimentos Ltda bought a new stake in Clean Harbors during the 4th quarter valued at about $32,000. Physician Wealth Advisors Inc. bought a new stake in shares of Clean Harbors in the fourth quarter worth approximately $56,000. Carolinas Wealth Consulting LLC grew its stake in shares of Clean Harbors by 2,800.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock worth $60,000 after acquiring an additional 252 shares during the period. Blue Trust Inc. grew its stake in shares of Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after acquiring an additional 56 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in shares of 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 acquiring an additional 62 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 8,076 shares of Clean Harbors stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the transaction, the chief executive officer owned 51,619 shares of the company's stock, valued at $11,626,147.37. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian P. Weber sold 3,035 shares of Clean Harbors stock in a transaction that occurred on Friday, June 13th. The shares were 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 in the company, valued at $12,391,669.16. This represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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

CLH opened at $226.46 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a market cap of $12.13 billion, a price-to-earnings ratio of 31.37 and a beta of 1.16. The company's 50 day moving average is $228.78 and its 200 day moving average is $219.95.

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group reduced their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Needham & Company LLC reduced their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research note 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. Robert W. Baird raised their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Truist Financial dropped their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

About Clean Harbors

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.

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