December 1, 2016 - By Dolores Ford · 0 Comments
Clean Harbors Inc (NYSE:CLH) institutional sentiment decreased to 0.83 in 2016 Q2. Its down -0.03, from 0.86 in 2016Q1. The ratio worsened, as 93 hedge funds opened new and increased holdings, while 108 decreased and sold their holdings in Clean Harbors Inc. The hedge funds in our partner’s database reported: 53.33 million shares, down from 53.71 million shares in 2016Q1. Also, the number of hedge funds holding Clean Harbors Inc in their top 10 holdings decreased from 8 to 7 for a decrease of 1. Sold All: 17 Reduced: 91 Increased: 72 New Position: 21.
Clean Harbors, Inc. is a provider of environmental, energy and industrial services. The company has a market cap of $3.03 billion. The Firm operates in six divisions: Technical Services; Industrial and Field Services; Kleen Performance Products; SK Environmental Services; Lodging Services, and Oil and Gas Field Services. It currently has negative earnings. The Company’s Technical Services segment involves the collection, transportation, treatment and disposal of hazardous and non-hazardous wastes.
The stock increased 2.36% or $1.22 during the last trading session, hitting $52.85. Clean Harbors Inc (NYSE:CLH) has risen 5.28% since April 28, 2016 and is uptrending. It has underperformed by 0.65% the S&P500.
Analysts await Clean Harbors Inc (NYSE:CLH) to report earnings on February, 22. They expect $0.01 earnings per share, down 83.33% or $0.05 from last year’s $0.06 per share. CLH’s profit will be $573,321 for 1321.25 P/E if the $0.01 EPS becomes a reality. After $0.16 actual earnings per share reported by Clean Harbors Inc for the previous quarter, Wall Street now forecasts -93.75% negative EPS growth.
According to Zacks Investment Research, “Clean Harbors, Inc., through its subsidiaries, operates in one industry segment providing a wide range of environmental services to a diversified customer base in the United States and Puerto Rico. The Company is managed on a regional basis, with a full range of services being offered in the Northeast, Mid-Atlantic and Midwest regions, and a presence in the Western region. The Company has a network of sales and regional logistics offices and service centers. The service centers interface with customers, and perform a variety of environmental remediation.”
Pivot Point Capital Partners Llc holds 14.94% of its portfolio in Clean Harbors Inc for 511,964 shares. Turtle Creek Asset Management Inc. owns 473,240 shares or 10.12% of their US portfolio. Moreover, Orbis Investment Management (U.S.) Llc has 5.6% invested in the company for 127,823 shares. The Tennessee-based Southernsun Asset Management Llc has invested 4.99% in the stock. 12Th Street Asset Management Company Llc, a Illinois-based fund reported 204,735 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 5 sales for $1.37 million net activity.
Ratings analysis reveals 43% of Clean Harbors Inc.’s analysts are positive. Out of 7 Wall Street analysts rating Clean Harbors Inc., 3 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $49 while the high is $63. The stock’s average target of $53.92 is 2.02% above today’s ($52.85) share price. CLH was included in 14 notes of analysts from July 27, 2015. The stock has “Neutral” rating given by Macquarie Research on Friday, August 26. The firm has “Overweight” rating given on Wednesday, May 18 by Barclays Capital. On Tuesday, August 9 the stock rating was maintained by Barclays Capital with “Overweight”. Sterne Agee CRT initiated the shares of CLH in a report on Tuesday, March 22 with “Neutral” rating. The rating was downgraded by Raymond James on Monday, July 27 to “Market Perform”. Barclays Capital downgraded it to “Equal Weight” rating and $49 target price in Monday, November 7 report. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, November 14 report. Imperial Capital maintained Clean Harbors Inc (NYSE:CLH) rating on Thursday, November 5. Imperial Capital has “Outperform” rating and $57.50 price target. The firm has “Underperform” rating given on Tuesday, January 26 by Raymond James. On Thursday, November 3 the stock rating was maintained by Needham with “Buy”.
Clean Harbors, Inc., incorporated on February 27, 1987, is a well-known provider of environmental, energy and industrial services throughout North America. The Firm operates in six divisions: Technical Services; Industrial and Field Services; Kleen Performance Products; SK Environmental Services; Lodging Services, and Oil and Gas Field Services. The Firm has a network of over 450 service locations across approximately 47 states, over eight Canadian provinces, Puerto Rico, Mexico and Trinidad. The service locations include service centers, satellite locations, branches, active hazardous waste management properties, lodging facilities and oil processing facilities. The service centers and branches are the sales and service centers from which the Company provides its environmental, energy and industrial services.
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By Dolores Ford