Louisiana State Employees Retirement System Takes Position in Clean Harbors, Inc. $CLH

Louisiana State Employees Retirement System bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the 1st quarter, Holdings Channel.com reports. The firm bought 14,600 shares of the business services provider’s stock, valued at approximately $4,186,000.

A number of other hedge funds have also recently bought and sold shares of CLH. SG Americas Securities LLC boosted its position in shares of Clean Harbors by 57.4% during the 4th quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock valued at $14,683,000 after purchasing an additional 22,827 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Clean Harbors by 2.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock valued at $86,963,000 after purchasing an additional 8,145 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in Clean Harbors by 86.0% during the third quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock worth $14,654,000 after buying an additional 29,176 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Clean Harbors by 120.8% during 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. Finally, Grantham Mayo Van Otterloo & Co. LLC acquired a new position in Clean Harbors in the third quarter worth approximately $28,925,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CLH shares. Needham & Company LLC upped their price target on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Citigroup upgraded Clean Harbors from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $302.00 to $346.00 in a report on Wednesday, April 8th. Weiss Ratings lowered Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Barclays upped their target price on Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group increased their price target on Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $323.23.

Insider Activity

In other news, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director owned 11,359 shares in the company, valued at $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is owned by insiders.

Clean Harbors Stock Up 0.8%

Shares of NYSE:CLH opened at $301.68 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The company has a market cap of $15.94 billion, a PE ratio of 40.88 and a beta of 0.87. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The firm has a 50 day simple moving average of $293.57 and a 200 day simple moving average of $277.65.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the business posted $1.09 EPS. The company’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

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.