State of New Jersey Common Pension Fund D Reduces Stock Position in Clean Harbors, Inc. (NYSE:CLH)

State of New Jersey Common Pension Fund D lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,937 shares of the business services provider’s stock after selling 382 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Clean Harbors were worth $4,336,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CLH. Crossmark Global Holdings Inc. increased its stake in shares of Clean Harbors by 25.6% during the third quarter. Crossmark Global Holdings Inc. now owns 4,208 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 857 shares during the period. TimesSquare Capital Management LLC lifted its stake in Clean Harbors by 6.8% in the third quarter. TimesSquare Capital Management LLC now owns 12,070 shares of the business services provider’s stock worth $2,917,000 after acquiring an additional 770 shares during the period. Sigma Planning Corp boosted its holdings in Clean Harbors by 5.5% in the third quarter. Sigma Planning Corp now owns 4,456 shares of the business services provider’s stock valued at $1,077,000 after acquiring an additional 233 shares in the last quarter. Privium Fund Management B.V. increased its position in Clean Harbors by 15.0% during the 3rd quarter. Privium Fund Management B.V. now owns 1,300 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 170 shares during the period. Finally, Advisor Resource Council bought a new position in Clean Harbors in the 3rd quarter worth $926,000. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Down 0.9 %

NYSE CLH opened at $260.78 on Wednesday. The stock’s fifty day moving average price is $247.99 and its 200-day moving average price is $232.71. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a market cap of $14.06 billion, a P/E ratio of 33.96 and a beta of 1.20. Clean Harbors, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm posted $1.68 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other news, insider Robert Speights sold 610 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,227 shares of company stock valued at $2,759,617. 5.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CLH. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Truist Financial upped their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Oppenheimer raised their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Robert W. Baird reduced their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Needham & Company LLC decreased their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $254.33.

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.