46,028 Shares in Clean Harbors, Inc. $CLH Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the second quarter, HoldingsChannel reports. The institutional investor purchased 46,028 shares of the business services provider’s stock, valued at approximately $13,751,000.

Other hedge funds have also modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in Clean Harbors by 94.4% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock valued at $4,874,000 after purchasing an additional 8,252 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Clean Harbors in the fourth quarter worth $938,000. Swedbank AB grew its holdings in shares of Clean Harbors by 7.1% during the fourth quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock worth $35,172,000 after purchasing an additional 10,000 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Clean Harbors by 1.8% in the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock valued at $267,239,000 after buying an additional 16,747 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings 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 buying an additional 215,659 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

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

Clean Harbors Stock Down 0.3%

Shares of Clean Harbors stock opened at $316.20 on Thursday. The business has a fifty day simple moving average of $310.77 and a 200 day simple moving average of $298.92. The stock has a market cap of $16.69 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 2.05 and a beta of 0.85. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating the consensus estimate of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.36 earnings per share. Research analysts predict that Clean Harbors, Inc. will post 9.72 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CLH shares. Needham & Company LLC raised their price objective on shares of Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and issued a $350.00 price target on shares of Clean Harbors in a report on Thursday, July 30th. Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Bank of America set a $377.00 target price on Clean Harbors and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company boosted their target price on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy and industrial services throughout the United States and Canada. The company manages hazardous and non-hazardous waste through services that include collection, transportation, treatment, disposal, recycling and incineration. It also provides emergency spill response, wastewater treatment and specialized environmental remediation.

Through its industrial services operations, Clean Harbors supports refineries, chemical plants, utilities, manufacturers and other industrial customers with maintenance, cleaning, turnaround and specialty services.