North Dakota State Investment Board Takes Position in Clean Harbors, Inc. $CLH

North Dakota State Investment Board purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,788 shares of the business services provider’s stock, valued at approximately $419,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Durable Capital Partners LP bought a new position in Clean Harbors in the third quarter worth approximately $133,217,000. Nordea Investment Management AB raised its stake in Clean Harbors by 120.8% in the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after buying an additional 569,388 shares in the last quarter. Two Sigma Investments LP raised its stake in Clean Harbors by 148.3% in the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock worth $89,287,000 after buying an additional 229,666 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new position in Clean Harbors in the third quarter worth approximately $28,925,000. Finally, Shannon River Fund Management LLC bought a new position in Clean Harbors in the third quarter worth approximately $26,907,000. Institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Weiss Ratings downgraded shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 9th. Raymond James Financial reissued a “strong-buy” rating and issued a $320.00 price objective on shares of Clean Harbors in a research note on Monday, February 23rd. Barclays boosted their price objective on shares of Clean Harbors from $280.00 to $304.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. BMO Capital Markets boosted their price objective on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Finally, Needham & Company LLC boosted their price objective on shares of Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus price target of $322.08.

Clean Harbors Stock Performance

Shares of CLH stock opened at $287.10 on Friday. The business’s fifty day simple moving average is $295.91 and its 200-day simple moving average is $265.33. The company has a market cap of $15.17 billion, a PE ratio of 38.90 and a beta of 0.92. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. Analysts expect that Clean Harbors, Inc. will post 8.38 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the transaction, the chief executive officer directly owned 38,877 shares of the company’s stock, valued at approximately $11,390,961. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Marcy L. Reed sold 836 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the transaction, the director directly owned 5,081 shares in the company, valued at approximately $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 6,519 shares of company stock valued at $1,907,663. Corporate insiders own 5.00% of the company’s stock.

About Clean Harbors

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.