VIRGINIA RETIREMENT SYSTEMS ET Al Sells 7,100 Shares of Clean Harbors, Inc. $CLH

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 54.4% during the 4th quarter, Holdings Channel reports. The fund owned 5,960 shares of the business services provider’s stock after selling 7,100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Clean Harbors were worth $1,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in Clean Harbors in the third quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new position in Clean Harbors in the fourth quarter worth approximately $34,000. True Wealth Design LLC boosted its holdings in Clean Harbors by 102.7% in the fourth quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock worth $36,000 after acquiring an additional 77 shares in the last quarter. First Horizon Corp bought a new position in Clean Harbors in the third quarter worth approximately $44,000. Finally, Bayforest Capital Ltd bought a new position in Clean Harbors in the third quarter worth approximately $44,000. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CLH. Wells Fargo & Company increased their price target on Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings lowered Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. TD Cowen increased their price target on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Truist Financial increased their price target on Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $320.00 target price on shares of Clean Harbors in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $322.08.

Insider Buying and Selling at Clean Harbors

In related news, EVP Brian P. Weber sold 4,683 shares of Clean Harbors stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the sale, the executive vice president directly owned 48,728 shares in the company, valued at approximately $14,296,307.92. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marcy L. Reed sold 836 shares of Clean Harbors 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 sale, the director owned 5,081 shares in the company, valued at $1,463,023.14. This trade represents a 14.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,597 shares of company stock valued at $3,895,286 in the last ninety days. 5.00% of the stock is owned by corporate insiders.

Clean Harbors Stock Down 1.7%

Shares of NYSE:CLH opened at $303.02 on Friday. The stock has a market cap of $16.01 billion, a price-to-earnings ratio of 41.06 and a beta of 0.92. The company has a quick ratio of 1.99, a current ratio of 2.34 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. The business’s 50 day moving average is $295.48 and its 200 day moving average is $263.07.

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