TradeLink Capital LLC Takes $227,000 Position in Clean Harbors, Inc. $CLH

TradeLink Capital LLC purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 983 shares of the business services provider’s stock, valued at approximately $227,000.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in Clean Harbors by 30.9% in 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 grew its holdings in Clean Harbors by 127.6% in the 1st 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 in the last quarter. Norges Bank bought a new position in Clean Harbors in the 2nd quarter worth approximately $147,632,000. Charles Schwab Investment Management Inc. increased its position in Clean Harbors by 2.6% in 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 acquiring an additional 11,465 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Clean Harbors by 14.6% during the 2nd 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 acquiring an additional 53,828 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CLH shares. Raymond James Financial lowered their price target on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 30th. Barclays decreased their target price 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, October 30th. Zacks Research downgraded shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. The Goldman Sachs Group initiated coverage on Clean Harbors in a report on Monday, November 24th. They set a “neutral” rating and a $228.00 target price on the stock. Finally, Oppenheimer restated an “outperform” rating and issued a $237.00 target price 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 assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $255.25.

Clean Harbors Stock Up 0.2%

NYSE CLH opened at $227.56 on Monday. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $261.36. The company has a market capitalization of $12.16 billion, a P/E ratio of 31.56 and a beta of 1.16. The company’s 50 day simple moving average is $224.74 and its 200 day simple moving average is $230.65. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.07.

Clean Harbors (NYSE:CLH) last posted 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 business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm posted $2.12 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts expect 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.