Quantbot Technologies LP Makes New $2.19 Million Investment in Clean Harbors, Inc. (NYSE:CLH)

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

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its position in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after buying an additional 187,140 shares during the period. Bank of Montreal Can increased its stake in shares of Clean Harbors by 11.1% in the 3rd quarter. Bank of Montreal Can now owns 40,629 shares of the business services provider’s stock valued at $9,687,000 after purchasing an additional 4,060 shares in the last quarter. Truvestments Capital LLC raised its holdings in Clean Harbors by 6.5% in the 3rd quarter. Truvestments Capital LLC now owns 3,831 shares of the business services provider’s stock worth $926,000 after purchasing an additional 233 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Clean Harbors during the third quarter worth approximately $919,000. Finally, Algert Global LLC grew its holdings in Clean Harbors by 92.5% in the third quarter. Algert Global LLC now owns 45,959 shares of the business services provider’s stock valued at $11,109,000 after purchasing an additional 22,082 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent analyst reports. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Oppenheimer raised their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. The Goldman Sachs Group increased their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC lowered their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and a consensus price target of $254.33.

Clean Harbors Stock Down 0.9 %

NYSE CLH opened at $257.68 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11. The business’s fifty day simple moving average is $250.87 and its 200-day simple moving average is $236.09. The firm has a market cap of $13.89 billion, a PE ratio of 33.55 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last posted its earnings results 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). The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 earnings per share. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Insider Buying and Selling

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors 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 completion of the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. This trade represents a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $13,937,625.94. This represents a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,447 shares of company stock worth $4,576,829. Company insiders own 5.90% of the company’s stock.

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.