Turtle Creek Asset Management buys $21.7 Million stake in Clean Harbors Inc (CLH)

Clean Harbors Inc (CLH) : Turtle Creek Asset Management scooped up 1,600 additional shares in Clean Harbors Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 454,344 shares of Clean Harbors Inc which is valued at $21.7 Million.Clean Harbors Inc makes up approximately 11.91% of Turtle Creek Asset Management’s portfolio.

Other Hedge Funds, Including , Fuller Thaler Asset Management reduced its stake in CLH by selling 86,013 shares or 4.91% in the most recent quarter. The Hedge Fund company now holds 1,667,347 shares of CLH which is valued at $79.7 Million. Clean Harbors Inc makes up approx 1.57% of Fuller Thaler Asset Management’s portfolio.Sfe Investment Counsel reduced its stake in CLH by selling 170 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 27,841 shares of CLH which is valued at $1.3 Million. Clean Harbors Inc makes up approx 0.62% of Sfe Investment Counsel’s portfolio.New York State Common Retirement Fund boosted its stake in CLH in the latest quarter, The investment management firm added 1,549 additional shares and now holds a total of 185,049 shares of Clean Harbors Inc which is valued at $8.8 Million. Clean Harbors Inc makes up approx 0.01% of New York State Common Retirement Fund’s portfolio. Stephens Inc Ar added CLH to its portfolio by purchasing 5,155 company shares during the most recent quarter which is valued at $245,275. Clean Harbors Inc makes up approx 0.01% of Stephens Inc Ar’s portfolio.Arcadia Investment Management Corpmi reduced its stake in CLH by selling 13,725 shares or 74.21% in the most recent quarter. The Hedge Fund company now holds 4,770 shares of CLH which is valued at $235,638. Clean Harbors Inc makes up approx 0.08% of Arcadia Investment Management Corpmi’s portfolio.

Clean Harbors Inc opened for trading at $48.43 and hit $50.27 on the upside on Friday, eventually ending the session at $50.26, with a gain of 3.84% or 1.86 points. The heightened volatility saw the trading volume jump to 5,53,204 shares. Company has a market cap of $2,893 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. 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 was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 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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