Arizona State Retirement System Has $3.24 Million Stake in Clean Harbors, Inc. (NYSE:CLH)

Arizona State Retirement System grew its stake in Clean Harbors, Inc. (NYSE:CLH) by 1.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 14,346 shares of the business services provider’s stock after buying an additional 225 shares during the quarter. Arizona State Retirement System’s holdings in Clean Harbors were worth $3,244,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Moody National Bank Trust Division lifted its holdings in Clean Harbors by 1.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock worth $1,095,000 after purchasing an additional 47 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Clean Harbors by 6.9% in the second quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after buying an additional 47 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after buying an additional 50 shares during the period. MJP Associates Inc. ADV grew its stake in Clean Harbors by 1.1% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock valued at $1,071,000 after buying an additional 51 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Clean Harbors by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after acquiring an additional 56 shares during the period. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $234.83 on Tuesday. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 33.98 and a beta of 1.20. Clean Harbors, Inc. has a one year low of $132.92 and a one year high of $247.24. The business has a fifty day simple moving average of $232.92 and a 200 day simple moving average of $214.55. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 EPS. Sell-side analysts expect that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CLH. Needham & Company LLC upped their price target on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Robert W. Baird increased their price objective on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Oppenheimer boosted their target price on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and an average price target of $242.40.

About Clean Harbors

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.