Clean Harbors Inc (NYSE:CLH) Shares Acquired by Riverhead Capital Management LLC

Riverhead Capital Management LLC lifted its stake in shares of Clean Harbors Inc (NYSE:CLH) by 20.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,685 shares of the business services provider’s stock after acquiring an additional 1,850 shares during the quarter. Riverhead Capital Management LLC’s holdings in Clean Harbors were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TimesSquare Capital Management LLC boosted its holdings in Clean Harbors by 5.0% in the second quarter. TimesSquare Capital Management LLC now owns 1,780,082 shares of the business services provider’s stock valued at $126,564,000 after purchasing an additional 84,000 shares during the period. Renaissance Technologies LLC raised its position in Clean Harbors by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,649,902 shares of the business services provider’s stock valued at $117,308,000 after purchasing an additional 18,300 shares in the last quarter. Columbus Circle Investors raised its position in Clean Harbors by 44.1% in the 2nd quarter. Columbus Circle Investors now owns 525,708 shares of the business services provider’s stock valued at $37,378,000 after purchasing an additional 160,973 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Clean Harbors by 2.3% in the 1st quarter. Neuberger Berman Group LLC now owns 516,489 shares of the business services provider’s stock valued at $36,940,000 after buying an additional 11,424 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Clean Harbors by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 502,684 shares of the business services provider’s stock valued at $24,807,000 after buying an additional 25,277 shares during the period. Institutional investors and hedge funds own 90.58% of the company’s stock.

Shares of NYSE:CLH traded down $0.46 on Wednesday, hitting $74.56. 6,000 shares of the company’s stock were exchanged, compared to its average volume of 316,277. The firm’s 50-day moving average is $74.51 and its 200 day moving average is $70.61. The company has a market capitalization of $4.22 billion, a PE ratio of 59.35 and a beta of 1.60. Clean Harbors Inc has a 1-year low of $46.21 and a 1-year high of $80.06. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.59 and a current ratio of 1.91.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 31st. The business services provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. The business had revenue of $868.68 million for the quarter, compared to analyst estimates of $880.97 million. Clean Harbors had a return on equity of 7.46% and a net margin of 2.53%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. On average, analysts anticipate that Clean Harbors Inc will post 1.93 EPS for the current fiscal year.

In other Clean Harbors news, CAO Eric J. Dugas sold 2,034 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $73.85, for a total transaction of $150,210.90. Following the transaction, the chief accounting officer now owns 24,234 shares of the company’s stock, valued at $1,789,680.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Louis Battles sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $70.09, for a total value of $350,450.00. Following the transaction, the chief financial officer now directly owns 35,003 shares in the company, valued at approximately $2,453,360.27. The disclosure for this sale can be found here. Insiders sold 34,858 shares of company stock valued at $2,641,644 over the last ninety days. 8.10% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently commented on CLH shares. TheStreet upgraded shares of Clean Harbors from a “c+” rating to a “b” rating in a research note on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of Clean Harbors from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 price target for the company in a report on Friday, August 2nd. Oppenheimer upgraded shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price target for the company in a report on Thursday, August 1st. Finally, Needham & Company LLC assumed coverage on shares of Clean Harbors in a research report on Friday, August 23rd. They issued a “buy” rating and a $86.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $82.00.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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