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 10.22% during the most recent quarter end. The investment management company now holds a total of 45,838 shares of Clean Harbors Inc which is valued at $2,279,982 after selling 5,220 shares in Clean Harbors Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Clean Harbors Inc makes up approximately 0.63% of Independent Portfolio Consultants’s portfolio.

Clean Harbors Inc closed down -0.37 points or -0.74% at $49.37 with 3,06,198 shares getting traded on Monday. Post opening the session at $49.33, the shares hit an intraday low of $49.2 and an intraday high of $49.89 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Central Trust Co reduced its stake in CLH by selling 293 shares or 3.63% in the most recent quarter. The Hedge Fund company now holds 7,789 shares of CLH which is valued at $387,425. Clean Harbors Inc makes up approx 0.03% of Central Trust Co’s portfolio. Capstone Asset Management Co added CLH to its portfolio by purchasing 4,249 company shares during the most recent quarter which is valued at $211,345. Clean Harbors Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Proficio Capital Partners added CLH to its portfolio by purchasing 17 company shares during the most recent quarter which is valued at $802.Weaver C. Barksdale Associates reduced its stake in CLH by selling 52 shares or 15.2% in the most recent quarter. The Hedge Fund company now holds 290 shares of CLH which is valued at $13,685. Clean Harbors Inc makes up approx 0.01% of Weaver C. Barksdale Associates’s portfolio.

On the company’s financial health, Clean Harbors Inc reported $0.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $0.13. The company had revenue of $713.04 million for the quarter, compared to analysts expectations of $736.48 million. The company’s revenue was down -15.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Clean Harbors Inc. Clean Harbors Inc was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016. Clean Harbors Inc was Downgraded by Raymond James to ” Underperform” on Jan 26, 2016.

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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