Rs Investment Management Co Lowers stake in Clean Harbors Inc (CLH)

Clean Harbors Inc (CLH) : Rs Investment Management Co reduced its stake in Clean Harbors Inc by 16.64% during the most recent quarter end. The investment management company now holds a total of 1,361,945 shares of Clean Harbors Inc which is valued at $71,325,060 after selling 271,778 shares in Clean Harbors Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Clean Harbors Inc makes up approximately 0.70% of Rs Investment Management Co’s portfolio.

Other Hedge Funds, Including , 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.Nordea Investment Management Ab boosted its stake in CLH in the latest quarter, The investment management firm added 9,138 additional shares and now holds a total of 12,806 shares of Clean Harbors Inc which is valued at $681,663.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.Cutler Group Lp boosted its stake in CLH in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 220 shares of Clean Harbors Inc which is valued at $11,607.Bnp Paribas Arbitrage Sa boosted its stake in CLH in the latest quarter, The investment management firm added 20,647 additional shares and now holds a total of 22,126 shares of Clean Harbors Inc which is valued at $1,168,474. Clean Harbors Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Clean Harbors Inc closed down -0.21 points or -0.41% at $51.42 with 4,26,749 shares getting traded on Friday. Post opening the session at $51.39, the shares hit an intraday low of $50.84 and an intraday high of $51.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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