California Public Employees Retirement System grew its holdings in Clean Harbors Inc (NYSE:CLH) by 13.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 150,280 shares of the business services provider’s stock after acquiring an additional 18,230 shares during the quarter. California Public Employees Retirement System owned about 0.27% of Clean Harbors worth $8,348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brown Advisory Inc. purchased a new position in shares of Clean Harbors in the 1st quarter valued at about $225,000. Canada Pension Plan Investment Board increased its holdings in shares of Clean Harbors by 41.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 193,200 shares of the business services provider’s stock valued at $10,732,000 after acquiring an additional 56,200 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Clean Harbors by 13.1% in the 2nd quarter. Bank of Montreal Can now owns 54,791 shares of the business services provider’s stock valued at $3,043,000 after acquiring an additional 6,329 shares during the last quarter. First Allied Advisory Services Inc. increased its holdings in shares of Clean Harbors by 19.0% in the 2nd quarter. First Allied Advisory Services Inc. now owns 6,835 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 1,092 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of Clean Harbors by 4.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 43,935 shares of the business services provider’s stock valued at $2,441,000 after acquiring an additional 1,759 shares during the last quarter. Institutional investors and hedge funds own 94.15% of the company’s stock.

In other Clean Harbors news, EVP Grace Cowan sold 424 shares of Clean Harbors stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $70.62, for a total value of $29,942.88. Following the transaction, the executive vice president now directly owns 22,914 shares in the company, valued at approximately $1,618,186.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian P. Weber sold 1,304 shares of Clean Harbors stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $69.83, for a total value of $91,058.32. Following the completion of the transaction, the executive vice president now owns 63,573 shares in the company, valued at $4,439,302.59. The disclosure for this sale can be found here. Insiders have sold a total of 20,817 shares of company stock worth $1,392,201 in the last 90 days. 8.70% of the stock is currently owned by company insiders.

A number of research firms have recently commented on CLH. BMO Capital Markets reiterated a “buy” rating and issued a $65.00 price objective on shares of Clean Harbors in a report on Thursday, July 12th. TheStreet upgraded Clean Harbors from a “c+” rating to a “b” rating in a report on Thursday, August 2nd. Needham & Company LLC increased their price objective on Clean Harbors from $63.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Robert W. Baird reiterated a “buy” rating and issued a $69.00 price objective on shares of Clean Harbors in a report on Thursday, August 2nd. Finally, Stifel Nicolaus increased their price objective on Clean Harbors from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. Clean Harbors has an average rating of “Buy” and a consensus target price of $65.25.

NYSE:CLH opened at $70.02 on Wednesday. The company has a market cap of $4.01 billion, a P/E ratio of 212.18 and a beta of 1.06. The company has a current ratio of 2.09, a quick ratio of 1.73 and a debt-to-equity ratio of 1.40. Clean Harbors Inc has a 52-week low of $44.74 and a 52-week high of $72.50.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, August 1st. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.19. The firm had revenue of $849.14 million for the quarter, compared to the consensus estimate of $838.85 million. Clean Harbors had a return on equity of 3.17% and a net margin of 3.69%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. On average, research analysts expect that Clean Harbors Inc will post 1 EPS for the current fiscal year.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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