Quantinno Capital Management LP Raises Position in Clean Harbors, Inc. $CLH

Quantinno Capital Management LP raised its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 15.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 380,945 shares of the business services provider’s stock after acquiring an additional 50,702 shares during the quarter. Quantinno Capital Management LP’s holdings in Clean Harbors were worth $109,228,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. boosted its position in shares of Clean Harbors by 8.9% during the first quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 35 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in Clean Harbors by 2.3% during the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after buying an additional 53 shares during the period. US Bancorp DE lifted its position in Clean Harbors by 16.9% during the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after buying an additional 54 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Clean Harbors by 2.9% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock valued at $608,000 after buying an additional 59 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in shares of Clean Harbors by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after buying an additional 60 shares during the period. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of Clean Harbors in a research report on Friday, May 29th. They set a “buy” rating and a $337.00 price target for the company. Robert W. Baird upped their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Needham & Company LLC raised their target price on shares of Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Oppenheimer lifted their target price on shares of Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Finally, BMO Capital Markets boosted their price target on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.21.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 789 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the sale, the director owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Stock Down 0.6%

CLH stock opened at $301.92 on Tuesday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $316.98. The business has a fifty day moving average price of $293.46 and a 200-day moving average price of $287.08. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99. The stock has a market capitalization of $15.96 billion, a P/E ratio of 40.91 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm posted $1.09 earnings per share. Clean Harbors’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Clean Harbors, Inc. will post 8.59 earnings per share for the current fiscal year.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.