Boothbay Fund Management LLC Sells 7,575 Shares of Clean Harbors, Inc. $CLH

by · The Cerbat Gem

Boothbay Fund Management LLC lowered its holdings in Clean Harbors, Inc. (NYSE:CLH – Free Report) by 14.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,651 shares of the business services provider’s stock after selling 7,575 shares during the quarter. Boothbay Fund Management LLC’s holdings in Clean Harbors were worth $10,091,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vestmark Advisory Solutions Inc. raised its position in Clean Harbors by 127.2% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock valued at $3,515,000 after buying an additional 8,514 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Clean Harbors in the second quarter valued at about $242,000. Schroder Investment Management Group lifted its position in shares of Clean Harbors by 18.5% during the second quarter. Schroder Investment Management Group now owns 40,807 shares of the business services provider’s stock valued at $9,434,000 after purchasing an additional 6,365 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Clean Harbors in the 2nd quarter worth about $741,000. Finally, SG Capital Management LLC purchased a new stake in Clean Harbors in the 2nd quarter valued at about $20,753,000. Institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of research analyst reports. Citigroup began coverage on Clean Harbors in a research note on Wednesday. They issued a “neutral” rating and a $263.00 target price on the stock. UBS Group reduced their price objective on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Barclays decreased their target price on 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. Oppenheimer reissued an “outperform” rating and issued a $237.00 price target on shares of Clean Harbors in a report on Thursday, October 30th. Finally, Zacks Research downgraded shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $250.08.

View Our Latest Analysis on Clean Harbors

Clean Harbors Trading Down 0.0%

Shares of CLH opened at $241.65 on Friday. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $251.43. The business has a 50-day moving average of $225.89 and a 200 day moving average of $231.20. The firm has a market cap of $12.91 billion, a P/E ratio of 33.52 and a beta of 0.95. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44.

Clean Harbors (NYSE:CLH – Get Free Report) last issued its earnings results 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 business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.Clean Harbors’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.12 EPS. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Clean Harbors Company Profile

(Free Report)

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.

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