Rhumbline Advisers Has $30.90 Million Stock Position in Clean Harbors, Inc. $CLH

Rhumbline Advisers lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.0% in the second quarter, HoldingsChannel reports. The fund owned 133,644 shares of the business services provider’s stock after selling 1,334 shares during the period. Rhumbline Advisers’ holdings in Clean Harbors were worth $30,896,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Clean Harbors by 30.9% during the 1st quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider’s stock worth $1,043,407,000 after purchasing an additional 1,249,704 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Clean Harbors by 127.6% during the first 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 buying an additional 504,290 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Clean Harbors by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 456,426 shares of the business services provider’s stock worth $89,962,000 after buying an additional 11,465 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Clean Harbors by 14.6% in the second quarter. Bank of New York Mellon Corp now owns 423,025 shares of the business services provider’s stock valued at $97,795,000 after buying an additional 53,828 shares during the period. Finally, William Blair Investment Management LLC bought a new position in Clean Harbors in the second quarter valued at approximately $95,115,000. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Up 1.6%

NYSE:CLH opened at $227.38 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.07. The business’s 50-day simple moving average is $225.08 and its 200-day simple moving average is $230.65. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $263.43. The stock has a market capitalization of $12.15 billion, a PE ratio of 31.54 and a beta of 1.16.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.21 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 company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business posted $2.12 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts expect 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 have recently weighed in on CLH. Barclays cut their price target on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a research note on Tuesday. Zacks Research cut Clean Harbors from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Wells Fargo & Company initiated coverage on Clean Harbors in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $220.00 price target for the company. Finally, Oppenheimer reiterated an “outperform” rating and issued a $237.00 price target on shares of Clean Harbors in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.25.

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.