Trexquant Investment LP Decreases Stock Holdings in Clean Harbors, Inc. $CLH

Key Points

• Trexquant Investment LP has reduced its stake in Clean Harbors, Inc. by 65.5%, selling 8,865 shares, and now holds only 4,666 shares valued at approximately $920,000.
• Several institutional investors have made significant changes to their positions in Clean Harbors, leading to institutional ownership of 90.43% of the company's stock.
• Clean Harbors reported earnings per share of $2.36 for the quarter, surpassing estimates, but revenue slightly declined by 0.2% year-over-year.

Trexquant Investment LP cut its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 65.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,666 shares of the business services provider's stock after selling 8,865 shares during the quarter. Trexquant Investment LP's holdings in Clean Harbors were worth $920,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CLH. BNP Paribas Financial Markets raised its holdings in shares of Clean Harbors by 5.8% in the fourth quarter. BNP Paribas Financial Markets now owns 12,145 shares of the business services provider's stock valued at $2,795,000 after purchasing an additional 664 shares during the last quarter. Captrust Financial Advisors grew its stake in Clean Harbors by 104.5% in the 4th quarter. Captrust Financial Advisors now owns 10,404 shares of the business services provider's stock valued at $2,394,000 after purchasing an additional 5,317 shares during the period. Cetera Investment Advisers grew its stake in Clean Harbors by 0.8% in the 4th quarter. Cetera Investment Advisers now owns 14,384 shares of the business services provider's stock valued at $3,310,000 after purchasing an additional 117 shares during the period. Crestline Management LP grew its stake in Clean Harbors by 102.3% in the 4th quarter. Crestline Management LP now owns 3,809 shares of the business services provider's stock valued at $877,000 after purchasing an additional 1,926 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Clean Harbors by 0.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,664 shares of the business services provider's stock valued at $4,065,000 after purchasing an additional 81 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Clean Harbors stock traded up $3.48 during mid-day trading on Thursday, hitting $237.86. 76,389 shares of the company traded hands, compared to its average volume of 411,564. The stock has a fifty day moving average price of $237.69 and a 200-day moving average price of $221.80. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 33.41 and a beta of 1.22. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.33 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.Clean Harbors's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 EPS. On average, equities analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets set a $268.00 price objective on Clean Harbors and gave the company an "outperform" rating in a research note on Thursday, July 31st. UBS Group increased their price target on Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Oppenheimer increased their price target on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial lifted their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $263.40.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 3,035 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the sale, the executive vice president owned 54,548 shares in the company, valued at $12,391,669.16. The trade was a 5.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael Louis Battles bought 2,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average price of $233.50 per share, with a total value of $467,000.00. Following the transaction, the chief executive officer directly owned 82,911 shares in the company, valued at $19,359,718.50. The trade was a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by corporate insiders.

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.