SFE Investment Counsel reduced its stake in Clean Harbors, Inc. (NYSE:CLH) by 9.2% during the second quarter, Holdings Channel reports. The institutional investor owned 25,675 shares of the business services provider’s stock after selling 2,593 shares during the period. SFE Investment Counsel’s holdings in Clean Harbors were worth $1,433,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CLH. Neuburgh Advisers LLC raised its position in shares of Clean Harbors by 7.1% in the first quarter. Neuburgh Advisers LLC now owns 1,980 shares of the business services provider’s stock valued at $110,000 after buying an additional 132 shares during the last quarter. Tyers Asset Management LLC raised its position in shares of Clean Harbors by 7.1% in the first quarter. Tyers Asset Management LLC now owns 2,520 shares of the business services provider’s stock valued at $140,000 after buying an additional 168 shares during the last quarter. Flinton Capital Management LLC raised its position in shares of Clean Harbors by 7.1% in the first quarter. Flinton Capital Management LLC now owns 3,060 shares of the business services provider’s stock valued at $170,000 after buying an additional 204 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Clean Harbors by 15.7% in the first quarter. Asset Management One Co. Ltd. now owns 3,530 shares of the business services provider’s stock valued at $196,000 after buying an additional 480 shares during the last quarter. Finally, World Asset Management Inc purchased a new position in shares of Clean Harbors during the second quarter valued at $201,000. 95.08% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors, Inc. (NYSE:CLH) opened at 53.37 on Tuesday. The firm’s market cap is $3.05 billion. Clean Harbors, Inc. has a one year low of $43.03 and a one year high of $61.62. The stock’s 50 day moving average price is $55.27 and its 200-day moving average price is $56.42.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.03. Clean Harbors had a positive return on equity of 0.79% and a negative net margin of 0.65%. The company had revenue of $752.80 million for the quarter, compared to the consensus estimate of $735.63 million. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s revenue was up 7.9% on a year-over-year basis. Analysts forecast that Clean Harbors, Inc. will post $0.67 earnings per share for the current year.

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Several research analysts have weighed in on the company. ValuEngine raised Clean Harbors from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research lowered Clean Harbors from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. KeyCorp upped their target price on Clean Harbors from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $67.00 target price on shares of Clean Harbors in a research report on Wednesday, July 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of Clean Harbors in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $61.27.

In related news, EVP Brian P. Weber sold 1,945 shares of the company’s stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $54.06, for a total transaction of $105,146.70. Following the sale, the executive vice president now owns 51,656 shares in the company, valued at $2,792,523.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Parry sold 4,402 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $58.96, for a total value of $259,541.92. Following the sale, the insider now owns 39,955 shares in the company, valued at approximately $2,355,746.80. The disclosure for this sale can be found here. Insiders have sold 10,418 shares of company stock worth $605,895 in the last quarter. 9.50% of the stock is currently owned by corporate insiders.

About Clean Harbors

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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