32,357 Shares in Clean Harbors, Inc. $CLH Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 32,357 shares of the business services provider’s stock, valued at approximately $9,667,000. Public Employees Retirement System of Ohio owned approximately 0.06% of Clean Harbors at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Capstone Investment Advisors LLC acquired a new stake in shares of Clean Harbors in the second quarter worth approximately $265,000. Proficio Capital Partners LLC purchased a new position in Clean Harbors in the 2nd quarter valued at $596,000. Corient Private Wealth LP purchased a new position in Clean Harbors in the 2nd quarter valued at $7,217,000. Pillsbury Lake Capital LLC acquired a new stake in Clean Harbors during the 2nd quarter worth $14,819,195. Finally, Bank of America Corp DE purchased a new stake in shares of Clean Harbors during the second quarter worth $142,801,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the topic of several research reports. BMO Capital Markets raised their price target on shares of Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Stifel Nicolaus increased their price objective on shares of Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Needham & Company LLC boosted their target price on Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Citigroup upped their price target on Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.57.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the sale, the director owned 8,979 shares in the company, valued at $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the transaction, the chief executive officer directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Price Performance

Clean Harbors stock opened at $314.77 on Tuesday. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $308.02 and a 200 day moving average price of $296.81. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The stock has a market cap of $16.62 billion, a P/E ratio of 38.20, a PEG ratio of 2.01 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.36 EPS. Sell-side analysts anticipate that Clean Harbors, Inc. will post 9.72 earnings per share for the current year.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.