Fox Run Management L.L.C. Purchases Shares of 3,205 Clean Harbors, Inc. $CLH

Fox Run Management L.L.C. purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 3,205 shares of the business services provider’s stock, valued at approximately $741,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CLH. Concurrent Investment Advisors LLC raised its stake in Clean Harbors by 16.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider’s stock valued at $209,000 after acquiring an additional 148 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Clean Harbors by 0.8% during the first quarter. State of Michigan Retirement System now owns 12,107 shares of the business services provider’s stock valued at $2,386,000 after purchasing an additional 100 shares in the last quarter. Xponance Inc. lifted its holdings in Clean Harbors by 0.9% in the first quarter. Xponance Inc. now owns 6,703 shares of the business services provider’s stock worth $1,321,000 after purchasing an additional 61 shares during the period. New York State Common Retirement Fund grew its position in Clean Harbors by 2.8% in the 1st quarter. New York State Common Retirement Fund now owns 78,931 shares of the business services provider’s stock valued at $15,557,000 after buying an additional 2,178 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in Clean Harbors by 8.9% during the 1st quarter. Stephens Inc. AR now owns 3,425 shares of the business services provider’s stock valued at $675,000 after buying an additional 281 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Trading Up 1.3%

NYSE:CLH opened at $207.75 on Monday. The stock has a market cap of $11.10 billion, a PE ratio of 28.81 and a beta of 1.16. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $265.72. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.07. The stock’s 50-day moving average is $232.06 and its two-hundred day moving average is $231.42.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $2.12 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Zacks Research lowered Clean Harbors from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Oppenheimer reissued an “outperform” rating and issued a $237.00 price objective on shares of Clean Harbors in a research note on Thursday, October 30th. Weiss Ratings cut Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Finally, UBS Group lowered their target price on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $257.73.

About Clean Harbors

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.