Trexquant Investment LP Buys 5,057 Shares of Clean Harbors, Inc. (NYSE:CLH)

Trexquant Investment LP boosted its stake in Clean Harbors, Inc. (NYSE:CLH) by 59.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,531 shares of the business services provider’s stock after buying an additional 5,057 shares during the quarter. Trexquant Investment LP’s holdings in Clean Harbors were worth $3,114,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CLH. Reliant Investment Management LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth about $4,386,000. Fiduciary Alliance LLC bought a new stake in Clean Harbors during the fourth quarter worth about $846,000. Mountain Pacific Investment Advisers LLC increased its holdings in shares of Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after buying an additional 4,240 shares in the last quarter. Barclays PLC raised its stake in shares of Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after acquiring an additional 8,639 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Clean Harbors by 1.5% in the 3rd quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock worth $365,070,000 after acquiring an additional 21,662 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Performance

CLH stock opened at $190.21 on Monday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a twelve month low of $184.52 and a twelve month high of $267.11. The business’s fifty day moving average is $212.46 and its 200-day moving average is $233.84. The company has a market cap of $10.24 billion, a P/E ratio of 25.63 and a beta of 1.11.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.82 earnings per share. Equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Eric J. Dugas purchased 1,050 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 3,341 shares of company stock valued at $663,041 in the last 90 days. 5.90% of the stock is owned by insiders.

Analysts Set New Price Targets

CLH has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Truist Financial decreased their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Oppenheimer reduced their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets lowered their price target on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.56.

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.