Louisiana State Employees Retirement System Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Louisiana State Employees Retirement System purchased a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,100 shares of the business services provider's stock, valued at approximately $2,461,000.

A number of other large investors have also recently added to or reduced their stakes in CLH. Vanguard Group Inc. raised its position in shares of Clean Harbors by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,974,889 shares of the business services provider's stock valued at $547,138,000 after acquiring an additional 14,664 shares in the last quarter. FMR LLC raised its holdings in shares of Clean Harbors by 5.6% during the third quarter. FMR LLC now owns 1,419,048 shares of the business services provider's stock worth $237,492,000 after purchasing an additional 75,038 shares during the period. State Street Corp lifted its position in shares of Clean Harbors by 0.4% in the 2nd quarter. State Street Corp now owns 1,418,790 shares of the business services provider's stock worth $233,292,000 after buying an additional 5,550 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Clean Harbors by 6.7% in the 1st quarter. Invesco Ltd. now owns 1,378,894 shares of the business services provider's stock valued at $153,941,000 after buying an additional 87,183 shares during the period. Finally, Select Equity Group L.P. bought a new stake in shares of Clean Harbors during the 1st quarter valued at about $114,248,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Price Performance

CLH stock traded down $2.38 during trading on Wednesday, hitting $191.78. The company had a trading volume of 220,669 shares, compared to its average volume of 322,590. The business has a 50 day moving average of $190.49 and a 200 day moving average of $174.42. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 27.59 and a beta of 1.24. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02. Clean Harbors, Inc. has a fifty-two week low of $129.70 and a fifty-two week high of $204.06.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned $1.44 EPS. Clean Harbors's revenue was up 4.7% on a year-over-year basis. As a group, research analysts predict that Clean Harbors, Inc. will post 7.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their target price on shares of Clean Harbors from $192.00 to $235.00 and gave the stock an "outperform" rating in a report on Tuesday. Truist Financial boosted their price objective on Clean Harbors from $200.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Oppenheimer increased their target price on Clean Harbors from $178.00 to $200.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. Stifel Nicolaus boosted their price target on shares of Clean Harbors from $210.00 to $220.00 and gave the company a "buy" rating in a report on Monday. Finally, StockNews.com raised shares of Clean Harbors from a "buy" rating to a "strong-buy" rating in a report on Friday, March 29th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $207.90.

Insider Buying and Selling at Clean Harbors

In other news, Director John T. Preston sold 1,913 shares of the business's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the sale, the director now owns 4,767 shares of the company's stock, valued at approximately $897,912.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now owns 4,767 shares of the company's stock, valued at approximately $897,912.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now owns 62,803 shares in the company, valued at $12,502,193.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,185 shares of company stock valued at $4,819,554. 6.60% of the stock is owned by corporate insiders.

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.