Maven Securities LTD Invests $600,000 in Clean Harbors, Inc. $CLH

Key Points

• Maven Securities LTD acquired a new stake in Clean Harbors, Inc. by purchasing 3,046 shares valued at approximately $600,000 in the first quarter of the year.
• Several other institutional investors, including Wellington Management Group and LBP AM SA, have significantly increased their holdings in Clean Harbors, demonstrating a strong interest in the company's stock.
• Clean Harbors reported **$2.36 earnings per share** for the last quarter, exceeding analyst expectations, but a slight decrease in revenue compared to the previous year, which was reported at **$1.55 billion**.

Maven Securities LTD purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,046 shares of the business services provider's stock, valued at approximately $600,000.

Other hedge funds also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Clean Harbors by 2.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock worth $913,000 after buying an additional 122 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Clean Harbors by 16.2% during the first quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock worth $209,000 after purchasing an additional 148 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Clean Harbors by 18.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider's stock valued at $1,638,000 after buying an additional 1,301 shares during the period. Deutsche Bank AG raised its holdings in Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after buying an additional 56 shares during the period. Finally, Ritholtz Wealth Management purchased a new stake in Clean Harbors in the 1st quarter valued at about $202,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 3,035 shares of Clean Harbors stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the transaction, the executive vice president directly owned 54,548 shares of the company's stock, valued at $12,391,669.16. The trade was a 5.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Eric W. Gerstenberg sold 8,076 shares of Clean Harbors stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $225.23, for a total value of $1,818,957.48. Following the completion of the transaction, the chief executive officer directly owned 51,619 shares in the company, valued at $11,626,147.37. This represents a 13.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,112 shares of company stock worth $3,422,651. 5.60% of the stock is currently owned by insiders.

Clean Harbors Price Performance

Shares of CLH traded up $3.8150 on Friday, reaching $248.3750. The stock had a trading volume of 219,509 shares, compared to its average volume of 421,452. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average of $234.47 and a 200 day moving average of $220.69. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The firm has a market capitalization of $13.32 billion, a PE ratio of 34.88 and a beta of 1.18.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, beating analysts' consensus estimates of $2.33 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $2.46 earnings per share. Sell-side analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Needham & Company LLC cut their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Raymond James Financial increased their target price on Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. Robert W. Baird lifted their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. UBS Group lifted their price target on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $263.40.

Clean Harbors 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.