Independent Portfolio Consultants Lowers stake in Clean Harbors Inc (CLH)

Clean Harbors Inc (CLH) : Independent Portfolio Consultants reduced its stake in Clean Harbors Inc by 17.88% during the most recent quarter end. The investment management company now holds a total of 37,643 shares of Clean Harbors Inc which is valued at $2,004,490 after selling 8,195 shares in Clean Harbors Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Clean Harbors Inc makes up approximately 0.61% of Independent Portfolio Consultants’s portfolio.

Other Hedge Funds, Including , Arcadia Investment Management Corpmi reduced its stake in CLH by selling 655 shares or 13.73% in the most recent quarter. The Hedge Fund company now holds 4,115 shares of CLH which is valued at $219,124. Clean Harbors Inc makes up approx 0.07% of Arcadia Investment Management Corpmi’s portfolio.Marathon Asset Management Llp boosted its stake in CLH in the latest quarter, The investment management firm added 12,458 additional shares and now holds a total of 684,428 shares of Clean Harbors Inc which is valued at $36,445,791. Clean Harbors Inc makes up approx 0.75% of Marathon Asset Management Llp’s portfolio.Weaver C. Barksdale Associates reduced its stake in CLH by selling 24 shares or 8.28% in the most recent quarter. The Hedge Fund company now holds 266 shares of CLH which is valued at $14,034. Clean Harbors Inc makes up approx 0.02% of Weaver C. Barksdale Associates’s portfolio.

Clean Harbors Inc opened for trading at $53.26 and hit $53.45 on the upside on Monday, eventually ending the session at $53.25, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 1,91,545 shares. Company has a market cap of $3,065 M.

On the company’s financial health, Clean Harbors Inc reported $-0.22 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $-0.22. The company had revenue of $636.10 million for the quarter, compared to analysts expectations of $659.17 million. The company’s revenue was down -13.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.12 EPS.

Many Wall Street Analysts have commented on Clean Harbors Inc. Company shares were Reiterated by Needham on Jun 22, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $51 .Barclays Initiated Clean Harbors Inc on May 18, 2016 to “Overweight”, Price Target of the shares are set at $58.Company shares were Reiterated by Imperial Capital on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 55 from a previous price target of $53 .

Clean Harbors Inc. is a provider of environmental energy and industrial services throughout North America. The Company operates in six segments: Technical Services which provides a range of hazardous material management services; Industrial and Field Services which provides industrial and specialty services such as high-pressure and chemical cleaning catalyst handling decoking; Oil Re-refining and Recycling which processes used oil into base and blended lubricating oils; SK Environmental Services which consists of Safety-Kleen’s branches and provides a range of environmental services; Lodging Services which provides lodges and remote workforce accommodation facilities and Oil and Gas Field Services which provides fluid handling fluid hauling production servicing surface rentals seismic services. The Company has a network of over 400 service locations across 48 states eight Canadian provinces Puerto Rico Mexico and Trinidad.

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