TimesSquare Capital Management LLC Reduces Holdings in Clean Harbors, Inc. $CLH

TimesSquare Capital Management LLC lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 30.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,770 shares of the business services provider’s stock after selling 2,900 shares during the period. TimesSquare Capital Management LLC’s holdings in Clean Harbors were worth $1,565,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in shares of Clean Harbors by 22.8% in the second quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 43 shares during the period. Public Employees Retirement System of Ohio raised its position in Clean Harbors by 0.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider’s stock valued at $3,636,000 after purchasing an additional 48 shares during the last quarter. Xponance Inc. boosted its stake in Clean Harbors by 0.9% during the 1st quarter. Xponance Inc. now owns 6,703 shares of the business services provider’s stock worth $1,321,000 after purchasing an additional 61 shares during the period. Atticus Wealth Management LLC boosted its stake in Clean Harbors by 13.9% during the 2nd quarter. Atticus Wealth Management LLC now owns 532 shares of the business services provider’s stock worth $123,000 after purchasing an additional 65 shares during the period. Finally, ProShare Advisors LLC grew its position in Clean Harbors by 3.5% during the 2nd quarter. ProShare Advisors LLC now owns 2,233 shares of the business services provider’s stock worth $516,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CLH shares. 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 note on Thursday, October 30th. BMO Capital Markets set a $268.00 price objective on Clean Harbors and gave the stock an “outperform” rating in a research report on Thursday, July 31st. UBS Group dropped their target price on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Raymond James Financial cut their price target on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 30th. Finally, Zacks Research lowered shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.73.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $207.64 on Thursday. The company’s fifty day moving average is $230.02 and its two-hundred day moving average is $231.18. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.07 and a current ratio of 2.44. The firm has a market capitalization of $11.09 billion, a P/E ratio of 28.80 and a beta of 1.16. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $263.43.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data 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). 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 analysts’ expectations of $1.58 billion. During the same period in the prior year, the firm posted $2.12 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts forecast that Clean Harbors, Inc. will post 7.89 EPS 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.