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New York State Common Retirement Fund Grows Holdings in Clean Harbors, Inc. (NYSE:CLH)

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New York State Common Retirement Fund lifted its holdings in Clean Harbors, Inc. (NYSE:CLHGet Rating) by 3.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 148,233 shares of the business services provider’s stock after acquiring an additional 5,009 shares during the quarter. New York State Common Retirement Fund owned 0.27% of Clean Harbors worth $16,549,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Snyder Capital Management L P lifted its holdings in shares of Clean Harbors by 2.5% in the 4th quarter. Snyder Capital Management L P now owns 1,711,892 shares of the business services provider’s stock worth $170,795,000 after acquiring an additional 41,392 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Clean Harbors by 8.5% in the 4th quarter. Impax Asset Management Group plc now owns 1,600,226 shares of the business services provider’s stock worth $158,244,000 after acquiring an additional 124,801 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $137,449,000. State Street Corp lifted its holdings in shares of Clean Harbors by 3.7% in the 4th quarter. State Street Corp now owns 1,312,735 shares of the business services provider’s stock worth $130,972,000 after acquiring an additional 46,477 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Clean Harbors by 22.5% during the 4th quarter. Invesco Ltd. now owns 1,291,711 shares of the business services provider’s stock valued at $128,874,000 after buying an additional 237,529 shares during the last quarter. 86.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 750 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $90.68, for a total transaction of $68,010.00. Following the transaction, the director now owns 12,332 shares in the company, valued at approximately $1,118,265.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Clean Harbors news, CFO Michael Louis Battles acquired 2,000 shares of the stock in a transaction dated Thursday, May 12th. The shares were purchased at an average price of $88.35 per share, for a total transaction of $176,700.00. Following the purchase, the chief financial officer now directly owns 70,440 shares of the company’s stock, valued at $6,223,374. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren States sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $90.68, for a total transaction of $68,010.00. Following the sale, the director now owns 12,332 shares in the company, valued at approximately $1,118,265.76. The disclosure for this sale can be found here. Company insiders own 6.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Raymond James upped their price target on shares of Clean Harbors from $135.00 to $145.00 and gave the company a “strong-buy” rating in a report on Thursday. Robert W. Baird boosted their price objective on shares of Clean Harbors from $131.00 to $150.00 in a research report on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $130.00 target price on shares of Clean Harbors in a research report on Friday, May 6th. Needham & Company LLC upped their target price on shares of Clean Harbors from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $133.00.

Clean Harbors Price Performance

CLH opened at $106.92 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.69 and a current ratio of 1.94. The stock has a market capitalization of $5.82 billion, a P/E ratio of 18.96 and a beta of 1.53. The company’s 50-day simple moving average is $90.81 and its two-hundred day simple moving average is $96.60. Clean Harbors, Inc. has a 52-week low of $81.56 and a 52-week high of $118.89.

Clean Harbors (NYSE:CLHGet Rating) last posted its earnings results on Wednesday, August 3rd. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.91. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Clean Harbors had a net margin of 6.70% and a return on equity of 18.40%. The business’s revenue for the quarter was up 46.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 EPS. As a group, analysts predict that Clean Harbors, Inc. will post 4.44 EPS for the current year.

About Clean Harbors

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Clean Harbors, Inc provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

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