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

Squarepoint Ops LLC acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 46,028 shares of the business services provider’s stock, valued at approximately $13,751,000. Squarepoint Ops LLC owned about 0.09% of Clean Harbors at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Baird Financial Group Inc. increased its holdings in Clean Harbors by 5.1% in the second quarter. Baird Financial Group Inc. now owns 4,705 shares of the business services provider’s stock worth $1,406,000 after buying an additional 229 shares during the last quarter. West Family Investments Inc. acquired a new stake in Clean Harbors in the second quarter valued at approximately $224,000. Nykredit A S bought a new stake in Clean Harbors in the second quarter worth approximately $394,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Clean Harbors during the 2nd quarter worth $992,000. Finally, California State Teachers Retirement System increased its stake in shares of Clean Harbors by 29,329.1% during the 2nd quarter. California State Teachers Retirement System now owns 17,409,656 shares of the business services provider’s stock worth $5,201,135,000 after purchasing an additional 17,350,498 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Truist Financial increased their target price on shares of Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. UBS Group raised their target price on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings upgraded Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Two equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Trading Down 0.3%

Shares of CLH stock opened at $316.20 on Thursday. The firm has a market capitalization of $16.69 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 2.05 and a beta of 0.85. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The firm’s fifty day simple moving average is $310.77 and its 200 day simple moving average is $298.92. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94.

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

Insider Buying and Selling

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

About Clean Harbors

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.