Illinois Municipal Retirement Fund Has $1.83 Million Stake in Clean Harbors, Inc. (NYSE:CLH)

Illinois Municipal Retirement Fund decreased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,937 shares of the business services provider’s stock after selling 2,208 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Clean Harbors were worth $1,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CLH. FMR LLC raised its holdings in shares of Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after buying an additional 187,140 shares during the last quarter. Wellington Management Group LLP increased its position in Clean Harbors by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after acquiring an additional 100,394 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Clean Harbors by 50.4% in the fourth quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock worth $68,367,000 after acquiring an additional 99,591 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Clean Harbors in the third quarter worth about $17,258,000. Finally, Asset Management One Co. Ltd. lifted its position in shares of Clean Harbors by 99.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 85,510 shares of the business services provider’s stock worth $19,639,000 after purchasing an additional 42,555 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 308 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the transaction, the director now owns 12,534 shares of the company’s stock, valued at $3,071,582.04. The trade was a 2.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 924 shares of company stock valued at $219,570. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Trading Up 1.3 %

NYSE:CLH opened at $213.24 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 1-year low of $180.37 and a 1-year high of $267.11. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 28.74 and a beta of 1.24. The business’s 50-day moving average price is $230.70 and its two-hundred day moving average price is $241.38.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business posted $1.82 EPS. Clean Harbors’s revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CLH. Stifel Nicolaus lowered their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Robert W. Baird lowered their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. BMO Capital Markets cut their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Finally, Oppenheimer dropped their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.56.

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.