12th Street Asset Management Company Lowers stake in Clean Harbors Inc (CLH)

Clean Harbors Inc (CLH) : 12th Street Asset Management Company reduced its stake in Clean Harbors Inc by 29.58% during the most recent quarter end. The investment management company now holds a total of 204,735 shares of Clean Harbors Inc which is valued at $9,993,115 after selling 86,000 shares in Clean Harbors Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Clean Harbors Inc makes up approximately 3.80% of 12th Street Asset Management Company’s portfolio.

Other Hedge Funds, Including , State Of Wisconsin Investment Board reduced its stake in CLH by selling 6,900 shares or 5.61% in the most recent quarter. The Hedge Fund company now holds 116,020 shares of CLH which is valued at $5,662,936. Clean Harbors Inc makes up approx 0.02% of State Of Wisconsin Investment Board’s portfolio. Reynders Mcveigh Capital Management sold out all of its stake in CLH during the most recent quarter. The investment firm sold 11,352 shares of CLH which is valued $572,935.Intrust Bank Na reduced its stake in CLH by selling 33,044 shares or 77.48% in the most recent quarter. The Hedge Fund company now holds 9,603 shares of CLH which is valued at $492,826. Clean Harbors Inc makes up approx 0.19% of Intrust Bank Na’s portfolio.Sg Americas Securities boosted its stake in CLH in the latest quarter, The investment management firm added 13,112 additional shares and now holds a total of 30,420 shares of Clean Harbors Inc which is valued at $1,561,154. Clean Harbors Inc makes up approx 0.01% of Sg Americas Securities’s portfolio.Retirement Systems Of Alabama reduced its stake in CLH by selling 33 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 67,560 shares of CLH which is valued at $3,538,117. Clean Harbors Inc makes up approx 0.02% of Retirement Systems Of Alabama’s portfolio.

Clean Harbors Inc opened for trading at $48.98 and hit $49.11 on the upside on Tuesday, eventually ending the session at $48.82, with a gain of 0.10% or 0.05 points. The heightened volatility saw the trading volume jump to 2,32,967 shares. Company has a market cap of $2,807 M.

On the company’s financial health, Clean Harbors Inc reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.23. The company had revenue of $697.50 million for the quarter, compared to analysts expectations of $729.59 million. The company’s revenue was down -25.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on Clean Harbors Inc. Company shares were Reiterated by Imperial Capital on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .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.

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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