XTX Topco Ltd Trims Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

XTX Topco Ltd reduced its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 40.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,286 shares of the business services provider’s stock after selling 1,523 shares during the quarter. XTX Topco Ltd’s holdings in Clean Harbors were worth $517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Moody National Bank Trust Division lifted its holdings in shares of Clean Harbors by 1.0% in the second quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock worth $1,095,000 after buying an additional 47 shares in the last quarter. Quent Capital LLC increased its holdings in Clean Harbors by 6.9% during the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after acquiring an additional 47 shares during the period. Fifth Third Bancorp lifted its stake in Clean Harbors by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after purchasing an additional 50 shares in the last quarter. MJP Associates Inc. ADV boosted its holdings in Clean Harbors by 1.1% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock valued at $1,071,000 after purchasing an additional 51 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 56 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 16th. Needham & Company LLC boosted their price objective on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group upped their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and a consensus price target of $242.40.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 309 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the sale, the director now owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now owns 13,458 shares in the company, valued at $3,284,963.22. The disclosure for this sale can be found here. 5.90% of the stock is owned by insiders.

Clean Harbors Stock Performance

NYSE CLH opened at $248.30 on Wednesday. The company has a 50-day simple moving average of $237.03 and a two-hundred day simple moving average of $219.05. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $251.65. The firm has a market cap of $13.39 billion, a price-to-earnings ratio of 35.93 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $2.13 EPS. Clean Harbors’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that Clean Harbors, Inc. will post 7.65 EPS for the current year.

About Clean Harbors

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.