Arrowpoint Asset Management LLC Lowered Clean Harbors INC (CLH) Stake by $7.50 Million

July 18, 2017 - By Nellie Frank

Investors sentiment increased to 1.08 in Q4 2016. Its up 0.25, from 0.83 in 2016Q3. It increased, as 15 investors sold CLH shares while 76 reduced holdings. 33 funds opened positions while 65 raised stakes. 51.89 million shares or 0.27% less from 52.03 million shares in 2016Q3 were reported. Riverhead Cap Mgmt Ltd accumulated 0.01% or 2,800 shares. Pictet Asset Mngmt Ltd reported 0.03% of its portfolio in Clean Harbors Inc (NYSE:CLH). Wedge Capital Mgmt L LP Nc reported 326,223 shares. Hermes Investment Mgmt has invested 0.82% of its portfolio in Clean Harbors Inc (NYSE:CLH). First Tru Advsr Ltd Partnership invested in 191,371 shares or 0.03% of the stock. Jane Street Group Limited Company has 5,864 shares. Wellington Gp Inc Llp reported 0.09% stake. Snyder Capital Mgmt LP holds 3.73% or 1.10M shares. Thompson Siegel And Walmsley Lc holds 0% in Clean Harbors Inc (NYSE:CLH) or 61 shares. Cap Impact Advisors Limited Liability Corp has 18,946 shares. Proshare Advisors Ltd Liability Company holds 5,416 shares. Telemark Asset Mngmt Lc has 1.7% invested in Clean Harbors Inc (NYSE:CLH). 3,411 were reported by Sg Americas Secs Ltd. Dimensional Fund Advisors Limited Partnership holds 1.82M shares or 0.05% of its portfolio. 92,940 were accumulated by Rhumbline Advisers.

Since February 3, 2017, it had 0 insider buys, and 10 selling transactions for $12.36 million activity. MCKIM ALAN S sold $5.41M worth of Clean Harbors Inc (NYSE:CLH) on Friday, February 3. Another trade for 1,034 shares valued at $62,681 was sold by Robertson Andrea. 1,021 shares valued at $51,081 were sold by Weber Brian P on Thursday, March 30. Shares for $47,286 were sold by Dugas Eric J.. On Thursday, June 1 the insider TWOHIG MICHAEL J sold $241,207. Battles Michael Louis sold $182,890 worth of Clean Harbors Inc (NYSE:CLH) on Thursday, March 2. $3,467 worth of stock was sold by Bouldin Mark G. on Thursday, March 2.

Arrowpoint Asset Management Llc decreased its stake in Clean Harbors Inc (CLH) by 5.59% based on its latest 2016Q4 regulatory filing with the SEC. Arrowpoint Asset Management Llc sold 136,339 shares as the company’s stock rose 3.54% with the market. The institutional investor held 2.30 million shares of the basic industries company at the end of 2016Q4, valued at $128.15M, down from 2.44M at the end of the previous reported quarter. Arrowpoint Asset Management Llc who had been investing in Clean Harbors Inc for a number of months, seems to be less bullish one the $3.20 billion market cap company. The stock increased 0.45% or $0.25 on July 17, reaching $55.67. About shares traded. Clean Harbors Inc (NYSE:CLH) has risen 18.53% since July 18, 2016 and is uptrending. It has outperformed by 1.83% the S&P500.

Arrowpoint Asset Management Llc, which manages about $5.56B and $6.33B US Long portfolio, upped its stake in Steris Plc by 492,166 shares to 1.07M shares, valued at $71.85M in 2016Q4, according to the filing. It also increased its holding in Sensata Technologies Hldg Nv (NYSE:ST) by 483,479 shares in the quarter, for a total of 2.74M shares, and has risen its stake in Forward Air Corp (NASDAQ:FWRD).

Wall Street await Clean Harbors Inc (NYSE:CLH) to release earnings on August, 2. Analysts forecast earnings per share of $0.30, up exactly $0.15 or 100.00 % from 2014’s $0.15 EPS. The expected CLH’s profit could reach $17.24 million giving the stock 46.39 P/E in the case that $0.30 earnings per share is reported. After posting $-0.19 EPS for the previous quarter, Clean Harbors Inc’s analysts now forecast -257.89 % EPS growth.

More notable recent Clean Harbors Inc (NYSE:CLH) news were published by: Businesswire.com which released: “Clean Harbors Completes Acquisition of Lonestar West Inc.” on July 17, 2017, also Nasdaq.com with their article: “Clean Harbors (CLH) Divests Transformer Business to Emerald” published on July 06, 2017, Marketwired.com published: “Lonestar Shareholders Approve Acquisition of Lonestar by Clean Harbors” on July 12, 2017. More interesting news about Clean Harbors Inc (NYSE:CLH) were released by: Businesswire.com and their article: “Clean Harbors Announces Early Results of Tender Offer and Intended Redemption …” published on June 28, 2017 as well as Nasdaq.com‘s news article titled: “Clean Harbors’ Safety-Kleen Hikes Pricing to Boost Margins” with publication date: July 13, 2017.

Clean Harbors Inc (NYSE:CLH) Ratings Coverage

Among 13 analysts covering Clean Harbors Inc. (NYSE:CLH), 7 have Buy rating, 2 Sell and 4 Hold. Therefore 54% are positive. Clean Harbors Inc. has $65 highest and $49 lowest target. $59.17’s average target is 6.29% above currents $55.67 stock price. Clean Harbors Inc. had 23 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, March 16 by Oppenheimer. Needham maintained the stock with “Buy” rating in Thursday, November 5 report. Barclays Capital maintained Clean Harbors Inc (NYSE:CLH) rating on Tuesday, August 9. Barclays Capital has “Overweight” rating and $57 target. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, February 23. Raymond James downgraded the stock to “Market Perform” rating in Monday, July 27 report. The stock of Clean Harbors Inc (NYSE:CLH) has “Overweight” rating given on Wednesday, May 18 by Barclays Capital. Wedbush maintained Clean Harbors Inc (NYSE:CLH) on Wednesday, April 12 with “Outperform” rating. The firm has “Buy” rating given on Monday, November 14 by Stifel Nicolaus. The firm has “Neutral” rating given on Tuesday, March 22 by Sterne Agee CRT. The firm earned “Buy” rating on Thursday, February 23 by Needham.

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