State of Michigan Retirement System Purchases 200 Shares of Clean Harbors, Inc. (NYSE:CLH)

State of Michigan Retirement System boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.7% during the 1st quarter, HoldingsChannel reports. The fund owned 12,307 shares of the business services provider’s stock after buying an additional 200 shares during the quarter. State of Michigan Retirement System’s holdings in Clean Harbors were worth $2,478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Clean Harbors by 47.9% during the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 56 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Clean Harbors by 0.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,573 shares of the business services provider’s stock valued at $1,845,000 after purchasing an additional 58 shares during the period. Blue Trust Inc. grew 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 period. Commerce Bank grew its stake in shares of Clean Harbors by 3.3% in the 4th quarter. Commerce Bank now owns 2,457 shares of the business services provider’s stock valued at $429,000 after purchasing an additional 79 shares during the period. Finally, Van Hulzen Asset Management LLC grew its stake in shares of Clean Harbors by 2.7% in the 4th quarter. Van Hulzen Asset Management LLC now owns 3,052 shares of the business services provider’s stock valued at $533,000 after purchasing an additional 81 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Up 2.2 %

NYSE:CLH opened at $224.44 on Thursday. The stock’s fifty day moving average price is $215.45 and its two-hundred day moving average price is $194.25. Clean Harbors, Inc. has a 52-week low of $132.92 and a 52-week high of $231.15. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 32.48 and a beta of 1.21.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business earned $1.36 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts anticipate that Clean Harbors, Inc. will post 7.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a research note on Monday, April 22nd. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Robert W. Baird upped their price objective on Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. BMO Capital Markets upped their price objective on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Truist Financial increased their price target on Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $216.40.

Insiders Place Their Bets

In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the transaction, the insider now owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the transaction, the insider now owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $208.74, for a total value of $1,294,188.00. Following the completion of the transaction, the chief financial officer now directly owns 21,482 shares in the company, valued at approximately $4,484,152.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,348 shares of company stock valued at $12,320,113. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors 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.