Clean Harbors, Inc. $CLH Shares Sold by Tema Etfs LLC

Tema Etfs LLC decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 46.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 21,905 shares of the business services provider’s stock after selling 18,753 shares during the period. Clean Harbors accounts for 1.3% of Tema Etfs LLC’s holdings, making the stock its 22nd largest position. Tema Etfs LLC’s holdings in Clean Harbors were worth $5,064,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its position in Clean Harbors by 145.3% in the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock worth $43,000 after acquiring an additional 109 shares during the period. Quarry LP acquired a new position in shares of Clean Harbors in the 1st quarter valued at $48,000. Ameritas Advisory Services LLC purchased a new position in shares of Clean Harbors during the 2nd quarter worth $48,000. Allworth Financial LP increased its position in shares of Clean Harbors by 22.8% during the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock worth $54,000 after purchasing an additional 43 shares during the last quarter. Finally, Horizon Investments LLC raised its holdings in Clean Harbors by 42.0% in the 1st quarter. Horizon Investments LLC now owns 284 shares of the business services provider’s stock valued at $56,000 after buying an additional 84 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent analyst reports. Raymond James Financial decreased their target price on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 30th. The Goldman Sachs Group began coverage on shares of Clean Harbors in a report on Monday, November 24th. They issued a “neutral” rating and a $228.00 price objective on the stock. UBS Group dropped their target price on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Zacks Research cut Clean Harbors from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Finally, Barclays lowered their price target on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $255.25.

Clean Harbors Stock Down 0.3%

Shares of NYSE CLH opened at $236.23 on Friday. The stock has a market cap of $12.62 billion, a P/E ratio of 32.76 and a beta of 0.95. The business’s fifty day simple moving average is $224.80 and its 200-day simple moving average is $230.77. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $255.44. The company has a current ratio of 2.44, a quick ratio of 2.09 and a debt-to-equity ratio of 1.00.

Clean Harbors (NYSE:CLH) last issued its quarterly 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 company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.Clean Harbors’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 EPS. As a group, equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Clean Harbors Company 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.