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

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

Other hedge funds also recently bought and sold shares of the company. Reliant Investment Management LLC bought a new position in shares of Clean Harbors in the fourth quarter worth about $4,386,000. Fiduciary Alliance LLC bought a new position in Clean Harbors in the 4th quarter worth approximately $846,000. Mountain Pacific Investment Advisers LLC increased its position in Clean Harbors by 4.5% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after buying an additional 4,240 shares during the period. Barclays PLC lifted its holdings in shares of Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after buying an additional 8,639 shares during the last quarter. Finally, Advisor Resource Council bought a new stake in shares of Clean Harbors in the third quarter valued at approximately $926,000. 90.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CLH. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. BMO Capital Markets cut their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Truist Financial reduced their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. TD Cowen began coverage on Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Finally, Oppenheimer cut their price target 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 analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors has an average rating of “Moderate Buy” and an average target price of $270.56.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 924 shares of company stock valued at $219,570. 5.90% of the stock is currently owned by company insiders.

Clean Harbors Stock Performance

NYSE:CLH opened at $213.24 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a 50-day moving average price of $230.70 and a 200 day moving average price of $241.38. The firm has a market capitalization of $11.48 billion, a PE ratio of 28.74 and a beta of 1.24. Clean Harbors, Inc. has a 12-month low of $180.37 and a 12-month high of $267.11.

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

Clean Harbors Company 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.