Municipal Employees Retirement System of Michigan lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 18.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,840 shares of the business services provider’s stock after selling 4,360 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Clean Harbors were worth $1,108,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CLH. Neuburgh Advisers LLC raised its stake 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 worth $110,000 after buying an additional 132 shares in the last quarter. Tyers Asset Management LLC raised its stake 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 worth $140,000 after buying an additional 168 shares in the last quarter. Flinton Capital Management LLC raised its stake 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 worth $170,000 after buying an additional 204 shares in the last quarter. Asset Management One Co. Ltd. raised its stake 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 worth $196,000 after buying an additional 480 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Clean Harbors during the first quarter worth about $205,000. 95.74% of the stock is owned by hedge funds and other institutional investors.

Shares of Clean Harbors, Inc. (NYSE:CLH) opened at 52.40 on Friday. The firm’s 50-day moving average price is $55.33 and its 200-day moving average price is $56.40. The company’s market capitalization is $2.99 billion. Clean Harbors, Inc. has a 12 month low of $43.03 and a 12 month high of $61.62.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $752.80 million for the quarter, compared to analyst estimates of $735.63 million. During the same quarter last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts expect that Clean Harbors, Inc. will post $0.67 EPS for the current year.

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A number of equities research analysts recently issued reports on the company. Barclays PLC raised Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 price target for the company in a research note on Monday. BidaskClub lowered Clean Harbors from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Canaccord Genuity reissued a “hold” rating and set a $57.00 price target on shares of Clean Harbors in a research note on Wednesday. ValuEngine raised Clean Harbors from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $67.00 price target on shares of Clean Harbors in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $61.27.

In other Clean Harbors news, EVP Michael J. Twohig sold 4,071 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $59.25, for a total transaction of $241,206.75. Following the transaction, the executive vice president now directly owns 30,854 shares in the company, valued at $1,828,099.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 1,945 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $54.06, for a total value of $105,146.70. Following the transaction, the executive vice president now owns 51,656 shares in the company, valued at $2,792,523.36. The disclosure for this sale can be found here. Insiders have sold 10,418 shares of company stock worth $605,895 over the last 90 days. 9.50% of the stock is owned by insiders.

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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