Jupiter Asset Management Ltd. Decreases Position in Clean Harbors, Inc. $CLH

Jupiter Asset Management Ltd. trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,598 shares of the business services provider’s stock after selling 9,884 shares during the period. Jupiter Asset Management Ltd. owned about 0.24% of Clean Harbors worth $29,267,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CLH. Hopwood Financial Services Inc. bought a new position in Clean Harbors during the 1st quarter worth approximately $30,000. Golden State Wealth Management LLC boosted its stake in shares of Clean Harbors by 145.3% during the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 109 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Clean Harbors in the first quarter worth approximately $48,000. Quarry LP bought a new position in shares of Clean Harbors in the first quarter worth approximately $48,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Clean Harbors in the second quarter worth $48,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH opened at $207.64 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. The stock has a market cap of $11.09 billion, a P/E ratio of 28.80 and a beta of 1.16. The business’s 50 day moving average price is $230.02 and its 200-day moving average price is $231.18. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $263.43.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 earnings per share (EPS) 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.12 EPS. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. UBS Group dropped their price target on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the stock an “outperform” rating in a report on Thursday, July 31st. Zacks Research downgraded Clean Harbors from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. Weiss Ratings cut Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, November 7th. Finally, Barclays cut their price objective on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.73.

Clean Harbors 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.