Clean Harbors, Inc. $CLH Stock Holdings Lowered by Brant Point Investment Management LLC

Brant Point Investment Management LLC cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 25.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,001 shares of the business services provider’s stock after selling 7,548 shares during the period. Brant Point Investment Management LLC’s holdings in Clean Harbors were worth $5,086,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CLH. California Public Employees Retirement System lifted its position in shares of Clean Harbors by 2.6% during the 2nd quarter. California Public Employees Retirement System now owns 101,205 shares of the business services provider’s stock valued at $23,397,000 after acquiring an additional 2,529 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Clean Harbors during the second quarter worth $554,000. Quantum Portfolio Management LLC lifted its holdings in shares of Clean Harbors by 71.6% during the second quarter. Quantum Portfolio Management LLC now owns 3,072 shares of the business services provider’s stock valued at $710,000 after purchasing an additional 1,282 shares during the last quarter. Cresset Asset Management LLC boosted its position in shares of Clean Harbors by 0.3% in the 2nd quarter. Cresset Asset Management LLC now owns 89,155 shares of the business services provider’s stock valued at $20,611,000 after purchasing an additional 263 shares during the period. Finally, Marshall Wace LLP increased its stake in Clean Harbors by 4.3% in the 2nd quarter. Marshall Wace LLP now owns 193,175 shares of the business services provider’s stock worth $44,658,000 after purchasing an additional 7,959 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Up 0.5%

Shares of NYSE:CLH opened at $237.48 on Monday. The firm has a fifty day moving average of $224.91 and a two-hundred day moving average of $230.81. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $253.15. The firm has a market capitalization of $12.69 billion, a P/E ratio of 32.94 and a beta of 0.95.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share 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 company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company posted $2.12 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on shares of Clean Harbors in a research note on Thursday, November 13th. They set an “equal weight” rating and a $220.00 price objective for the company. Zacks Research downgraded shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a research report on Monday, December 1st. Oppenheimer reissued an “outperform” rating and set a $237.00 target price on shares of Clean Harbors in a research note on Thursday, October 30th. Finally, The Goldman Sachs Group assumed coverage on Clean Harbors in a research report on Monday, November 24th. They issued a “neutral” rating and a $228.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $248.91.

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.