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

Louisiana State Employees Retirement System acquired a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,100 shares of the business services provider’s stock, valued at approximately $2,461,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Clean Harbors by 0.3% during the third quarter. Vanguard Group Inc. now owns 4,974,889 shares of the business services provider’s stock worth $547,138,000 after purchasing an additional 14,664 shares during the period. FMR LLC lifted 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 holdings in shares of Clean Harbors by 0.4% during the second quarter. State Street Corp now owns 1,418,790 shares of the business services provider’s stock worth $233,292,000 after purchasing an additional 5,550 shares during the period. Invesco Ltd. lifted its holdings in shares of Clean Harbors by 6.7% during the first quarter. Invesco Ltd. now owns 1,378,894 shares of the business services provider’s stock worth $153,941,000 after purchasing an additional 87,183 shares during the period. Finally, Select Equity Group L.P. acquired a new stake in shares of Clean Harbors during the first quarter worth $114,248,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CLH shares. Stifel Nicolaus increased their price target on Clean Harbors from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Monday. Oppenheimer increased their price objective on Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. BMO Capital Markets increased their price objective on Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, Robert W. Baird increased their price objective on Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and a consensus price target of $207.90.

Insider Activity

In related news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Eric W. Gerstenberg sold 15,276 shares of Clean Harbors stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares in the company, valued at approximately $12,646,773.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock worth $4,819,554 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Clean Harbors Trading Down 0.3 %

Shares of CLH stock opened at $194.06 on Wednesday. Clean Harbors, Inc. has a fifty-two week low of $129.70 and a fifty-two week high of $204.06. The stock has a market cap of $10.60 billion, a P/E ratio of 27.92 and a beta of 1.24. The business has a fifty day simple moving average of $190.19 and a 200-day simple moving average of $174.30. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the business posted $1.44 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts forecast that Clean Harbors, Inc. will post 7.35 earnings per share for the current fiscal year.

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.