Greenland Capital Management LP Takes Position in Clean Harbors, Inc. $CLH

Greenland Capital Management LP acquired a new position in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,453 shares of the business services provider’s stock, valued at approximately $567,000.

Several other institutional investors have also added to or reduced their stakes in the business. Hopwood Financial Services Inc. purchased a new position in shares of Clean Harbors in the first quarter worth $30,000. Golden State Wealth Management LLC increased its holdings in Clean Harbors by 145.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock worth $43,000 after buying an additional 109 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Clean Harbors in the 2nd quarter worth about $48,000. Allworth Financial LP raised its position in Clean Harbors by 22.8% in the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock worth $54,000 after buying an additional 43 shares during the last quarter. Finally, Quarry LP bought a new position in Clean Harbors during the 1st quarter valued at about $48,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

NYSE:CLH opened at $211.90 on Thursday. 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 stock has a 50-day simple moving average of $226.85 and a two-hundred day simple moving average of $230.84. The firm has a market capitalization of $11.32 billion, a PE ratio of 29.39 and a beta of 1.16. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $263.43.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.12 earnings per share. Analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CLH shares. Barclays reduced their price target 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 target price on shares of Clean Harbors and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a report on Thursday, November 13th. Zacks Research lowered Clean Harbors from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Finally, Raymond James Financial lowered their target price 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and an average target price of $254.58.

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.