Quantbot Technologies LP Acquires New Shares in Clean Harbors, Inc. (NYSE:CLH)

Quantbot Technologies LP bought a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,067 shares of the business services provider's stock, valued at approximately $2,192,000.

Several other large investors have also recently added to or reduced their stakes in the business. Clearbridge Investments LLC increased its holdings in shares of Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider's stock worth $239,361,000 after buying an additional 248,240 shares during the last quarter. Lazard Freres Gestion S.A.S. acquired a new position in Clean Harbors during the second quarter valued at approximately $42,968,000. FMR LLC increased its position in shares of Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock worth $422,319,000 after acquiring an additional 187,140 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider's stock valued at $121,505,000 after acquiring an additional 90,756 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in Clean Harbors by 12.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider's stock valued at $137,974,000 after purchasing an additional 63,800 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 1.0 %

NYSE CLH traded up $2.51 on Friday, hitting $260.19. 186,431 shares of the stock were exchanged, compared to its average volume of 296,573. Clean Harbors, Inc. has a 52-week low of $158.42 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The company has a market capitalization of $14.02 billion, a price-to-earnings ratio of 33.95 and a beta of 1.20. The company's 50-day moving average price is $251.08 and its two-hundred day moving average price is $236.24.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CLH. StockNews.com lowered shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Needham & Company LLC lowered their price target on Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Robert W. Baird dropped their target price on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus reissued a "buy" rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group upped their target price on Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors has a consensus rating of "Buy" and a consensus price target of $254.33.

Insider Transactions at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 610 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares of the company's stock, 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. In the last 90 days, insiders have sold 18,447 shares of company stock worth $4,576,829. 5.90% of the stock is currently owned by company insiders.

Clean Harbors Company 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.