Stevens Capital Management LP purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,686 shares of the business services provider’s stock, valued at approximately $2,160,000. Stevens Capital Management LP owned approximately 0.07% of Clean Harbors at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Amalgamated Bank grew its holdings in shares of Clean Harbors by 27.5% during the second quarter. Amalgamated Bank now owns 10,577 shares of the business services provider’s stock valued at $591,000 after buying an additional 2,279 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Clean Harbors by 2.9% during the second quarter. Ameriprise Financial Inc. now owns 146,672 shares of the business services provider’s stock valued at $8,189,000 after buying an additional 4,116 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of Clean Harbors by 10.6% during the second quarter. Raymond James Trust N.A. now owns 5,180 shares of the business services provider’s stock valued at $289,000 after buying an additional 497 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Clean Harbors by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 4,996 shares of the business services provider’s stock valued at $279,000 after buying an additional 1,996 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Clean Harbors by 7.3% during the second quarter. Wells Fargo & Company MN now owns 18,818 shares of the business services provider’s stock valued at $1,051,000 after buying an additional 1,274 shares in the last quarter. Institutional investors and hedge funds own 94.06% of the company’s stock.

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 Zacks’ consensus estimate of $0.27 by ($0.03). The firm had revenue of $752.80 million for the quarter, compared to the consensus estimate of $735.63 million. Clean Harbors had a positive return on equity of 0.79% and a negative net margin of 0.65%. Clean Harbors’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the company posted $0.15 EPS.

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In other Clean Harbors news, COO Eric W. Gerstenberg sold 4,667 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $50.42, for a total transaction of $235,310.14. Following the completion of the transaction, the chief operating officer now owns 91,950 shares in the company, valued at approximately $4,636,119. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Eric J. Dugas sold 933 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $54.67, for a total value of $51,007.11. Following the transaction, the senior vice president now owns 14,766 shares of the company’s stock, valued at approximately $807,257.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,545 shares of company stock valued at $391,464. Corporate insiders own 9.50% of the company’s stock.

A number of brokerages have recently weighed in on CLH. Barclays PLC upgraded Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 price target on the stock in a report on Monday, August 7th. BidaskClub downgraded Clean Harbors from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Canaccord Genuity reiterated a “hold” rating and set a $57.00 price target on shares of Clean Harbors in a report on Wednesday, August 9th. ValuEngine upgraded Clean Harbors from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $66.00 price target on shares of Clean Harbors in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $62.30.

Clean Harbors Company Profile

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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