Teachers Retirement System of The State of Kentucky Sells 6,045 Shares of Clean Harbors, Inc. (NYSE:CLH)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 22.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,779 shares of the business services provider’s stock after selling 6,045 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Clean Harbors were worth $4,183,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in Clean Harbors during the 1st quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in shares of Clean Harbors by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 56 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Clean Harbors in the 4th quarter valued at $34,000. Blue Trust Inc. boosted its stake in shares of Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 75 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in shares of Clean Harbors in the 4th quarter valued at $50,000. 90.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the completion of the transaction, the insider now owns 2,494,211 shares in the company, valued at $537,527,412.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total value of $10,775,500.00. Following the sale, the insider now directly owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 1,148 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total transaction of $250,424.72. Following the completion of the sale, the director now directly owns 13,767 shares in the company, valued at $3,003,133.38. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of analyst reports. Truist Financial upped their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Robert W. Baird boosted their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Raymond James boosted their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors presently has an average rating of “Buy” and a consensus price target of $242.40.

Clean Harbors Stock Performance

NYSE:CLH traded down $7.39 on Friday, reaching $235.00. 456,023 shares of the company’s stock were exchanged, compared to its average volume of 304,903. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.72. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 34.03 and a beta of 1.21. Clean Harbors, Inc. has a 52 week low of $132.92 and a 52 week high of $246.28. The stock has a fifty day simple moving average of $224.13 and a 200-day simple moving average of $202.71.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business earned $2.13 earnings per share. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.56 earnings per share for the current year.

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.