Quadrature Capital Ltd Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Quadrature Capital Ltd acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,617 shares of the business services provider's stock, valued at approximately $1,843,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Cetera Investment Advisers grew its holdings in Clean Harbors by 380.8% in the first quarter. Cetera Investment Advisers now owns 15,029 shares of the business services provider's stock worth $3,025,000 after purchasing an additional 11,903 shares during the last quarter. CWM LLC increased its position in Clean Harbors by 9.8% during the 2nd quarter. CWM LLC now owns 1,351 shares of the business services provider's stock valued at $306,000 after buying an additional 121 shares in the last quarter. Csenge Advisory Group raised its stake in Clean Harbors by 7.6% in the second quarter. Csenge Advisory Group now owns 1,117 shares of the business services provider's stock valued at $253,000 after buying an additional 79 shares during the last quarter. MJP Associates Inc. ADV boosted its holdings in Clean Harbors by 1.1% in the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider's stock worth $1,071,000 after acquiring an additional 51 shares in the last quarter. Finally, Artemis Investment Management LLP grew its stake in shares of Clean Harbors by 13.7% during the second quarter. Artemis Investment Management LLP now owns 490,668 shares of the business services provider's stock worth $110,965,000 after acquiring an additional 59,033 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Performance

Shares of CLH traded up $1.32 during mid-day trading on Friday, reaching $248.00. The company had a trading volume of 336,718 shares, compared to its average volume of 246,490. The stock has a market capitalization of $13.37 billion, a P/E ratio of 32.28 and a beta of 1.22. Clean Harbors, Inc. has a 52-week low of $161.39 and a 52-week high of $267.11. The stock has a 50 day moving average of $252.08 and a two-hundred day moving average of $237.94. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned $1.68 EPS. Clean Harbors's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Analysts Set New Price Targets

CLH has been the subject of several research analyst reports. Robert W. Baird decreased their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. TD Cowen started coverage on shares of Clean Harbors in a report on Friday. They set a "buy" rating and a $325.00 price objective on the stock. Oppenheimer raised their target price on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Finally, Needham & Company LLC dropped their price target on Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $261.40.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. This trade represents a 1.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,447 shares of company stock valued at $4,576,829. Corporate 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.