Strs Ohio Lowers Stake in Clean Harbors, Inc. $CLH

Strs Ohio cut its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 73.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 42,059 shares of the business services provider’s stock after selling 116,804 shares during the period. Strs Ohio’s holdings in Clean Harbors were worth $9,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Cambridge Investment Research Advisors Inc. increased its position in Clean Harbors by 2.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider’s stock worth $913,000 after purchasing an additional 122 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in Clean Harbors by 16.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider’s stock valued at $209,000 after purchasing an additional 148 shares in the last quarter. Tribune Investment Group LP acquired a new stake in Clean Harbors in the 1st quarter valued at $12,812,000. Voya Investment Management LLC increased its holdings in Clean Harbors by 4.4% in the 1st quarter. Voya Investment Management LLC now owns 127,419 shares of the business services provider’s stock valued at $25,114,000 after purchasing an additional 5,362 shares in the last quarter. Finally, Pacific Capital Partners Ltd acquired a new stake in shares of Clean Harbors in the first quarter valued at about $10,348,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLH has been the subject of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Clean Harbors in a research report on Wednesday, October 8th. Barclays lowered their price objective on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $237.00 price target on shares of Clean Harbors in a report on Thursday. BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Raymond James Financial lowered their target price on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and an average price target of $257.73.

Clean Harbors Stock Down 2.1%

CLH stock opened at $210.83 on Friday. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $265.72. The company has a current ratio of 2.44, a quick ratio of 2.07 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $11.31 billion, a P/E ratio of 29.24 and a beta of 1.18. The firm has a 50 day simple moving average of $235.72 and a 200-day simple moving average of $231.23.

Clean Harbors (NYSE:CLH) last posted 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). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $2.12 earnings per share. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Clean Harbors Company 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.