Trexquant Investment LP Acquires 5,057 Shares of Clean Harbors, Inc. (NYSE:CLH)

Trexquant Investment LP boosted its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 59.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,531 shares of the business services provider's stock after acquiring an additional 5,057 shares during the period. Trexquant Investment LP's holdings in Clean Harbors were worth $3,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Reliant Investment Management LLC bought a new position in shares of Clean Harbors in the 4th quarter valued at about $4,386,000. Fiduciary Alliance LLC acquired a new position in Clean Harbors in the fourth quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC boosted its stake in Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock valued at $22,793,000 after acquiring an additional 4,240 shares during the last quarter. Barclays PLC grew its holdings in Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock worth $6,781,000 after acquiring an additional 8,639 shares during the period. Finally, State Street Corp raised its position in shares of Clean Harbors by 1.5% during the 3rd quarter. State Street Corp now owns 1,510,363 shares of the business services provider's stock valued at $365,070,000 after acquiring an additional 21,662 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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Clean Harbors Stock Up 3.2 %

Shares of CLH stock traded up $6.14 during trading hours on Friday, hitting $200.20. 563,271 shares of the company were exchanged, compared to its average volume of 339,464. The company has a market capitalization of $10.78 billion, a PE ratio of 26.98 and a beta of 1.11. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The business has a 50 day moving average of $206.23 and a two-hundred day moving average of $231.29. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. Analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric J. Dugas bought 1,050 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 3,341 shares of company stock worth $663,041. Corporate insiders own 5.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CLH shares. Robert W. Baird decreased their price objective on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. UBS Group lowered their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday. The Goldman Sachs Group reduced their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, StockNews.com downgraded shares of Clean Harbors from a "buy" rating to a "hold" rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Clean Harbors currently has an average rating of "Moderate Buy" and an average price target of $260.40.

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.