Quantbot Technologies LP Makes New Investment in Clean Harbors, Inc. $CLH

Quantbot Technologies LP acquired a new stake in Clean Harbors, Inc. (NYSE:CLHFree Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 6,997 shares of the business services provider’s stock, valued at approximately $2,090,000.

Several other large investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in Clean Harbors in the 2nd quarter valued at $1,516,521,000. Janus Henderson Group PLC grew its position in shares of Clean Harbors by 10.0% in the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after purchasing an additional 215,659 shares during the period. State Street Corp increased its stake in shares of Clean Harbors by 0.8% during the third quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after purchasing an additional 12,452 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Clean Harbors by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after purchasing an additional 16,747 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Clean Harbors by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock worth $215,247,000 after purchasing an additional 11,020 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CLH shares. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a research report on Wednesday, July 29th. Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Barclays boosted their price target on Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Finally, TD Cowen increased their price objective on Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $354.57.

Get Our Latest Stock Report on Clean Harbors

Clean Harbors Trading Down 0.8%

CLH opened at $313.58 on Tuesday. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.04 and a beta of 0.86. The company’s 50 day simple moving average is $305.74 and its two-hundred day simple moving average is $295.16. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80.

Clean Harbors (NYSE:CLHGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business earned $2.36 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Analysts expect that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.

Clean Harbors Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Harbors, Inc. (NYSE:CLHFree Report).

Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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