Fox Run Management L.L.C. Acquires 6,194 Shares of Clean Harbors, Inc. $CLH

Fox Run Management L.L.C. increased its stake in Clean Harbors, Inc. (NYSE:CLH) by 193.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,399 shares of the business services provider’s stock after acquiring an additional 6,194 shares during the period. Clean Harbors makes up approximately 0.3% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 19th biggest position. Fox Run Management L.L.C.’s holdings in Clean Harbors were worth $2,183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CLH. Candriam S.C.A. raised its holdings in Clean Harbors by 36.4% during the 3rd quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock valued at $15,992,000 after buying an additional 18,367 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in Clean Harbors by 715.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 7,262 shares of the business services provider’s stock worth $1,686,000 after buying an additional 6,371 shares during the period. Vestmark Advisory Solutions Inc. increased its position in Clean Harbors by 127.2% during the second quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock valued at $3,515,000 after acquiring an additional 8,514 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Clean Harbors by 8.6% in the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after acquiring an additional 87,322 shares during the period. Finally, UniSuper Management Pty Ltd lifted its holdings in shares of Clean Harbors by 14.0% in the 3rd quarter. UniSuper Management Pty Ltd now owns 51,663 shares of the business services provider’s stock worth $11,997,000 after acquiring an additional 6,338 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 1.5%

Shares of NYSE:CLH opened at $284.91 on Wednesday. The company has a market capitalization of $15.07 billion, a PE ratio of 39.14 and a beta of 0.96. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $288.81. The business’s fifty day simple moving average is $257.11 and its 200-day simple moving average is $240.76.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the business posted $1.55 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CLH. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a research report on Monday, December 29th. Needham & Company LLC boosted their price objective on Clean Harbors from $290.00 to $308.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Robert W. Baird set a $300.00 target price on Clean Harbors in a research note on Thursday, February 19th. BMO Capital Markets lifted their target price on Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Finally, Barclays upped their price target on shares of Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $292.18.

Insider Activity

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total value of $144,780.90. Following the completion of the sale, the chief executive officer directly owned 50,454 shares in the company, valued at $12,154,368.60. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of Clean Harbors stock in a transaction on Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the transaction, the chief financial officer directly owned 15,933 shares in the company, valued at $4,482,112.23. This represents a 14.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,679 shares of company stock valued at $2,132,403 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

About Clean Harbors

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.