Groupe la Francaise Increases Position in Clean Harbors, Inc. $CLH

Groupe la Francaise grew its holdings in Clean Harbors, Inc. (NYSE:CLH) by 28.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,780 shares of the business services provider’s stock after purchasing an additional 2,400 shares during the quarter. Groupe la Francaise’s holdings in Clean Harbors were worth $2,488,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of Clean Harbors by 30.9% in the first quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider’s stock valued at $1,043,407,000 after purchasing an additional 1,249,704 shares during the last quarter. Norges Bank purchased a new stake in Clean Harbors in the 2nd quarter valued at $147,632,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Clean Harbors by 127.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 899,566 shares of the business services provider’s stock worth $177,304,000 after acquiring an additional 504,290 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Clean Harbors in the 2nd quarter worth $95,115,000. Finally, Millennium Management LLC raised its holdings in shares of Clean Harbors by 36,389.2% during the 1st quarter. Millennium Management LLC now owns 362,892 shares of the business services provider’s stock worth $71,526,000 after acquiring an additional 363,892 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CLH shares. UBS Group cut their price objective on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a report on Monday. Zacks Research lowered shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Oppenheimer reiterated an “outperform” rating and issued a $237.00 price objective on shares of Clean Harbors in a report on Thursday, October 30th. Finally, Barclays cut their target price on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $255.25.

Clean Harbors Stock Performance

NYSE:CLH opened at $236.97 on Thursday. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $257.50. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. The company has a 50 day moving average price of $224.71 and a 200 day moving average price of $230.73. The stock has a market capitalization of $12.66 billion, a P/E ratio of 32.87 and a beta of 0.95.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the company earned $2.12 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts forecast that Clean Harbors, Inc. will post 7.89 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.