Clean Harbors, Inc. $CLH is Aperture Investors LLC’s 5th Largest Position

Aperture Investors LLC lessened its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 23.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 109,259 shares of the business services provider’s stock after selling 32,814 shares during the period. Clean Harbors accounts for 3.3% of Aperture Investors LLC’s investment portfolio, making the stock its 5th largest position. Aperture Investors LLC owned about 0.20% of Clean Harbors worth $25,258,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CLH. PNC Financial Services Group Inc. boosted its position in Clean Harbors by 4.7% during the first quarter. PNC Financial Services Group Inc. now owns 4,885 shares of the business services provider’s stock worth $963,000 after purchasing an additional 221 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in shares of Clean Harbors during the 1st quarter valued at approximately $211,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Clean Harbors by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 456,426 shares of the business services provider’s stock valued at $89,962,000 after buying an additional 11,465 shares in the last quarter. Deutsche Bank AG boosted its holdings in Clean Harbors by 228.4% in the 1st quarter. Deutsche Bank AG now owns 19,025 shares of the business services provider’s stock worth $3,750,000 after buying an additional 13,232 shares during the period. Finally, Townsquare Capital LLC grew its stake in Clean Harbors by 18.6% in the 1st quarter. Townsquare Capital LLC now owns 1,661 shares of the business services provider’s stock valued at $327,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CLH. Oppenheimer restated an “outperform” rating and set a $237.00 target price on shares of Clean Harbors in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday. 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. UBS Group decreased their price target on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Wells Fargo & Company assumed coverage on shares of Clean Harbors in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $220.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.91.

Clean Harbors Stock Down 0.7%

Shares of NYSE:CLH opened at $237.24 on Wednesday. The firm has a market capitalization of $12.68 billion, a PE ratio of 32.90 and a beta of 0.95. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $253.15. The firm has a fifty day moving average of $225.13 and a 200 day moving average of $230.96.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.58 billion. During the same period last year, the firm earned $2.12 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.