Texas Permanent School Fund Corp Buys 5,711 Shares of Clean Harbors, Inc. (NYSE:CLH)

Texas Permanent School Fund Corp increased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 13.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 49,733 shares of the business services provider’s stock after acquiring an additional 5,711 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Clean Harbors were worth $11,247,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Clean Harbors in the 4th quarter valued at about $732,000. Capstone Investment Advisors LLC acquired a new stake in shares of Clean Harbors in the 4th quarter valued at about $691,000. Mountain Pacific Investment Advisers Inc. ID acquired a new stake in shares of Clean Harbors in the 1st quarter valued at about $14,161,000. Perpetual Ltd raised its stake in shares of Clean Harbors by 9.6% in the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after purchasing an additional 4,606 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after purchasing an additional 182,622 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Up 1.3 %

Shares of NYSE:CLH opened at $234.83 on Tuesday. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $247.24. The stock has a market cap of $12.67 billion, a PE ratio of 33.98 and a beta of 1.20. The business has a 50 day moving average of $232.92 and a 200-day moving average of $214.55. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Oppenheimer lifted their price target on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Truist Financial raised their price objective on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus restated a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, The Goldman Sachs Group raised their price objective on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $242.40.

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.