Clean Harbors, Inc. $CLH Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Clean Harbors, Inc. (NYSE:CLH) by 14.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,025 shares of the business services provider’s stock after purchasing an additional 53,828 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.79% of Clean Harbors worth $97,795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLH. Hopwood Financial Services Inc. acquired a new stake in shares of Clean Harbors during the 1st quarter valued at about $30,000. Ameritas Advisory Services LLC bought a new position in Clean Harbors during the second quarter valued at approximately $48,000. Quarry LP acquired a new stake in Clean Harbors in the first quarter valued at approximately $48,000. Banque Cantonale Vaudoise acquired a new stake in Clean Harbors in the first quarter valued at approximately $48,000. Finally, Horizon Investments LLC grew its position in Clean Harbors by 42.0% in the first quarter. Horizon Investments LLC now owns 284 shares of the business services provider’s stock worth $56,000 after acquiring an additional 84 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CLH has been the topic of a number of recent research reports. Raymond James Financial cut their price target on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 30th. Barclays cut their target price on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Zacks Research downgraded Clean Harbors from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. BMO Capital Markets set a $268.00 price objective on Clean Harbors and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Clean Harbors in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.73.

Clean Harbors Trading Up 1.3%

Shares of NYSE:CLH opened at $207.75 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.07 and a current ratio of 2.44. The stock’s 50-day moving average is $232.06 and its 200-day moving average is $231.10. The company has a market cap of $11.10 billion, a P/E ratio of 28.81 and a beta of 1.16. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $265.72.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.16). The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. Clean Harbors’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.12 EPS. Equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.