Free Trial

Quantinno Capital Management LP Raises Stake in Clean Harbors, Inc. (NYSE:CLH)

Clean Harbors logo with Business Services background

Quantinno Capital Management LP grew its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 44.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,371 shares of the business services provider's stock after purchasing an additional 10,502 shares during the period. Quantinno Capital Management LP owned approximately 0.06% of Clean Harbors worth $8,308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC raised its stake in Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock worth $422,319,000 after buying an additional 187,140 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Clean Harbors by 0.5% during the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider's stock valued at $386,477,000 after acquiring an additional 7,948 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider's stock worth $239,361,000 after purchasing an additional 248,240 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Clean Harbors by 12.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider's stock worth $137,974,000 after purchasing an additional 63,800 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Clean Harbors by 20.3% during the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider's stock valued at $121,505,000 after purchasing an additional 90,756 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC dropped their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Oppenheimer upped their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. StockNews.com cut Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Truist Financial upped their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Robert W. Baird lowered their target price on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $261.40.

Check Out Our Latest Stock Report on Clean Harbors

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares of the company's stock, valued at $18,955,400.64. This represents a 11.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric W. Gerstenberg sold 6,051 shares of Clean Harbors stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the transaction, the chief executive officer now owns 55,657 shares of the company's stock, valued at $13,937,625.94. The trade was a 9.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,447 shares of company stock valued at $4,576,829. Company insiders own 5.90% of the company's stock.

Clean Harbors Stock Performance

CLH traded up $1.20 during trading on Friday, hitting $247.88. 336,718 shares of the company traded hands, compared to its average volume of 295,446. Clean Harbors, Inc. has a one year low of $161.39 and a one year high of $267.11. The stock's fifty day moving average is $251.89 and its 200 day moving average is $237.71. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a market cap of $13.36 billion, a P/E ratio of 32.20 and a beta of 1.22.

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

Clean Harbors Company Profile

(Free Report)

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.

See Also

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

Should you invest $1,000 in Clean Harbors right now?

Before you consider Clean Harbors, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Clean Harbors wasn't on the list.

While Clean Harbors currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Broadcom Hits $1 Trillion – Can This AI Powerhouse Go Higher?
SoundHound Stock Explodes Again – Is a Major Breakout Coming?
How Fintech Strategy at FinWise Bancorp and CEO Vision Are Driving 78% Gains

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines