Maryland State Retirement & Pension System Has $649,000 Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Maryland State Retirement & Pension System trimmed its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,818 shares of the business services provider’s stock after selling 126 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Clean Harbors were worth $649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CLH. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after buying an additional 159 shares during the period. Allworth Financial LP lifted its holdings in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 103 shares during the period. Assetmark Inc. boosted its stake in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 66 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in shares of Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after purchasing an additional 238 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Clean Harbors stock opened at $200.34 on Tuesday. The business’s 50-day simple moving average is $219.97 and its 200 day simple moving average is $236.42. 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 stock has a market cap of $10.79 billion, a price-to-earnings ratio of 27.00 and a beta of 1.22. Clean Harbors, Inc. has a 12-month low of $186.54 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, beating the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 EPS. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 19th. Robert W. Baird decreased their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Truist Financial cut their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and a consensus target price of $266.56.

Insider Buying and Selling at Clean Harbors

In related news, CFO Eric J. Dugas bought 1,050 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the transaction, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the sale, the director now owns 12,226 shares in the company, valued at $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,341 shares of company stock worth $663,041. Insiders own 5.90% of the company’s stock.

Clean Harbors 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.