Quantinno Capital Management LP Buys 2,292 Shares of Clean Harbors, Inc. (NYSE:CLH)

Quantinno Capital Management LP lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,663 shares of the business services provider's stock after buying an additional 2,292 shares during the period. Quantinno Capital Management LP owned approximately 0.07% of Clean Harbors worth $8,438,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CLH. Traynor Capital Management Inc. raised its holdings in Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock worth $334,000 after purchasing an additional 50 shares in the last quarter. Williamson Legacy Group LLC boosted its position in Clean Harbors by 1.4% during the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock worth $858,000 after acquiring an additional 53 shares during the last quarter. Deutsche Bank AG boosted its position in Clean Harbors by 1.0% during the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after acquiring an additional 56 shares during the last quarter. Scotia Capital Inc. boosted its holdings in shares of Clean Harbors by 0.4% in the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock valued at $3,282,000 after purchasing an additional 59 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Clean Harbors by 15.7% in the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider's stock valued at $107,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Stock Down 1.2%

CLH stock traded down $2.71 during trading hours on Wednesday, hitting $230.80. The company's stock had a trading volume of 54,162 shares, compared to its average volume of 348,551. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $12.37 billion, a PE ratio of 31.11 and a beta of 1.19. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The stock has a 50 day moving average price of $207.85 and a two-hundred day moving average price of $225.33.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $1.29 EPS. Clean Harbors's quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CLH shares. BMO Capital Markets dropped their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Truist Financial reduced their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus reduced their price target on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Robert W. Baird boosted their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, StockNews.com upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.67.

Insider Buying and Selling at Clean Harbors

In other 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 completion of the transaction, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Eric J. Dugas acquired 1,050 shares of the company's stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. This represents a 4.53% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.60% 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.