TimesSquare Capital Management LLC Lowers Holdings in Clean Harbors Inc (NYSE:CLH)

TimesSquare Capital Management LLC decreased its stake in shares of Clean Harbors Inc (NYSE:CLH) by 18.9% in the third quarter, Holdings Channel reports. The institutional investor owned 1,442,800 shares of the business services provider’s stock after selling 337,282 shares during the quarter. Clean Harbors accounts for about 1.0% of TimesSquare Capital Management LLC’s holdings, making the stock its 16th biggest position. TimesSquare Capital Management LLC’s holdings in Clean Harbors were worth $111,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Aperio Group LLC raised its stake in Clean Harbors by 56.2% during the second quarter. Aperio Group LLC now owns 17,731 shares of the business services provider’s stock valued at $1,261,000 after buying an additional 6,376 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Clean Harbors during the second quarter valued at $1,438,000. Arizona State Retirement System raised its stake in Clean Harbors by 1.1% during the second quarter. Arizona State Retirement System now owns 36,900 shares of the business services provider’s stock valued at $2,624,000 after buying an additional 402 shares during the last quarter. BlackRock Inc. raised its stake in Clean Harbors by 0.9% during the second quarter. BlackRock Inc. now owns 4,587,760 shares of the business services provider’s stock valued at $326,188,000 after buying an additional 41,323 shares during the last quarter. Finally, Sigma Planning Corp raised its stake in Clean Harbors by 30.5% during the second quarter. Sigma Planning Corp now owns 4,145 shares of the business services provider’s stock valued at $295,000 after buying an additional 968 shares during the last quarter. Institutional investors and hedge funds own 89.99% of the company’s stock.

Shares of CLH stock traded up $0.02 during mid-day trading on Tuesday, hitting $82.83. The company’s stock had a trading volume of 277,718 shares, compared to its average volume of 382,414. Clean Harbors Inc has a 52-week low of $46.21 and a 52-week high of $85.63. The business has a 50-day moving average price of $77.77 and a 200 day moving average price of $73.00. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.60 and a current ratio of 1.91. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 65.74 and a beta of 1.61.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. Clean Harbors had a return on equity of 8.01% and a net margin of 2.65%. The firm had revenue of $891.70 million during the quarter, compared to analysts’ expectations of $875.51 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Equities research analysts predict that Clean Harbors Inc will post 1.89 EPS for the current fiscal year.

In other news, CFO Michael Louis Battles sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $76.00, for a total value of $76,000.00. Following the completion of the transaction, the chief financial officer now owns 42,367 shares in the company, valued at $3,219,892. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 1,175 shares of Clean Harbors stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $84.64, for a total value of $99,452.00. Following the completion of the sale, the executive vice president now directly owns 58,820 shares of the company’s stock, valued at approximately $4,978,524.80. The disclosure for this sale can be found here. Insiders sold 21,793 shares of company stock valued at $1,797,347 in the last 90 days. Company insiders own 8.10% of the company’s stock.

A number of research analysts have issued reports on the company. Needham & Company LLC assumed coverage on Clean Harbors in a research note on Friday, August 23rd. They set a “buy” rating and a $86.00 price objective for the company. ValuEngine cut Clean Harbors from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Robert W. Baird boosted their price target on Clean Harbors from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. TheStreet upgraded Clean Harbors from a “c+” rating to a “b” rating in a research note on Wednesday, July 31st. Finally, CIBC upgraded Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price target for the company in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $83.71.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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

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