Trexquant Investment LP Acquires Shares of 7,301 Clean Harbors, Inc. (NYSE:CLH)

Trexquant Investment LP bought a new stake in Clean Harbors, Inc. (NYSE:CLHGet Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,301 shares of the business services provider’s stock, valued at approximately $640,000.

Several other institutional investors have also recently made changes to their positions in CLH. Steward Partners Investment Advisory LLC purchased a new position in shares of Clean Harbors during the first quarter valued at approximately $29,000. First Horizon Advisors Inc. boosted its holdings in Clean Harbors by 149.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 339 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 203 shares during the period. Huntington National Bank boosted its holdings in Clean Harbors by 153.9% during the 1st quarter. Huntington National Bank now owns 391 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 237 shares during the period. Lazard Asset Management LLC increased its stake in Clean Harbors by 107.9% in the first quarter. Lazard Asset Management LLC now owns 578 shares of the business services provider’s stock worth $64,000 after purchasing an additional 300 shares during the period. Finally, Quent Capital LLC lifted its position in shares of Clean Harbors by 24.4% during the first quarter. Quent Capital LLC now owns 623 shares of the business services provider’s stock worth $70,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 88.85% of the company’s stock.

Clean Harbors Trading Up 1.6 %

Shares of NYSE:CLH opened at $122.62 on Friday. The company has a market capitalization of $6.63 billion, a PE ratio of 17.67 and a beta of 1.40. The company has a current ratio of 2.01, a quick ratio of 1.72 and a debt-to-equity ratio of 1.36. Clean Harbors, Inc. has a 12-month low of $81.56 and a 12-month high of $124.49. The business’s fifty day simple moving average is $115.81 and its 200-day simple moving average is $105.00.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. DA Davidson raised their price target on shares of Clean Harbors to $150.00 in a research note on Tuesday, August 9th. Stifel Nicolaus boosted their price target on Clean Harbors from $127.00 to $145.00 and gave the company a “buy” rating in a report on Friday, September 2nd. UBS Group cut Clean Harbors from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. in a research note on Thursday, November 3rd. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 8th. Finally, Needham & Company LLC increased their price target on Clean Harbors from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $139.25.

Insider Activity at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 2,003 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $122.42, for a total transaction of $245,207.26. Following the completion of the sale, the executive vice president now directly owns 62,103 shares of the company’s stock, valued at $7,602,649.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.60% of the stock is owned by corporate insiders.

About Clean Harbors

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Clean Harbors, Inc provides environmental and industrial services in North America. 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 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)

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