Cubist Systematic Strategies LLC Cuts Position in Clean Harbors Inc (NYSE:CLH)

Cubist Systematic Strategies LLC lessened its holdings in Clean Harbors Inc (NYSE:CLH) by 65.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,520 shares of the business services provider’s stock after selling 6,737 shares during the period. Cubist Systematic Strategies LLC’s holdings in Clean Harbors were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Clean Harbors by 0.9% in the 2nd quarter. BlackRock Inc. now owns 4,587,760 shares of the business services provider’s stock valued at $326,188,000 after purchasing an additional 41,323 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in shares of Clean Harbors by 5.0% in the 2nd quarter. TimesSquare Capital Management LLC now owns 1,780,082 shares of the business services provider’s stock valued at $126,564,000 after purchasing an additional 84,000 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Clean Harbors by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,649,902 shares of the business services provider’s stock valued at $117,308,000 after purchasing an additional 18,300 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Clean Harbors by 23.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,182,418 shares of the business services provider’s stock valued at $84,070,000 after purchasing an additional 227,507 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Clean Harbors by 415.5% in the 2nd quarter. Invesco Ltd. now owns 1,143,316 shares of the business services provider’s stock valued at $81,289,000 after purchasing an additional 921,510 shares in the last quarter. Hedge funds and other institutional investors own 90.50% of the company’s stock.

CLH has been the subject of several recent analyst reports. TheStreet upgraded Clean Harbors from a “c+” rating to a “b” rating in a research note on Wednesday, July 31st. CIBC upgraded Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price objective on the stock in a report on Thursday, August 1st. Zacks Investment Research upgraded Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 price objective on the stock in a report on Friday, August 2nd. Oppenheimer upgraded Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price objective on the stock in a report on Thursday, August 1st. Finally, Robert W. Baird lifted their price objective on Clean Harbors from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $82.29.

In other news, Director Andrea Robertson sold 2,557 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $78.98, for a total transaction of $201,951.86. Following the transaction, the director now directly owns 13,467 shares in the company, valued at approximately $1,063,623.66. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Eric W. Gerstenberg sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $78.52, for a total value of $1,570,400.00. Following the transaction, the chief operating officer now owns 74,557 shares in the company, valued at $5,854,215.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,591 shares of company stock worth $1,998,563. 8.10% of the stock is currently owned by insiders.

CLH stock traded down $1.26 during trading on Monday, hitting $75.32. The stock had a trading volume of 600 shares, compared to its average volume of 284,977. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.91 and a quick ratio of 1.59. Clean Harbors Inc has a twelve month low of $46.21 and a twelve month high of $80.06. The stock has a market capitalization of $4.23 billion, a P/E ratio of 60.05 and a beta of 1.58. The company’s 50-day moving average price is $74.86 and its two-hundred day moving average price is $71.87.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.04. Clean Harbors had a return on equity of 7.46% and a net margin of 2.53%. The company had revenue of $868.68 million for the quarter, compared to analysts’ expectations of $880.97 million. During the same period in the previous year, the firm posted $0.54 EPS. Clean Harbors’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Clean Harbors Inc will post 1.93 EPS for the current fiscal year.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

Featured Story: What is a blue-chip stock?

Want to see what other hedge funds are holding CLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Harbors Inc (NYSE:CLH).

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

Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.