Telemark Asset Management adds Clean Harbors Inc (CLH) to its portfolio

Clean Harbors Inc (CLH) : Telemark Asset Management added new position in Clean Harbors Inc during the most recent quarter end. The investment management firm now holds 215,000 shares of Clean Harbors Inc which is valued at $10,494,150 , the company said in a statement filed on Aug 12, 2016 with the SEC.Clean Harbors Inc makes up approximately 2.24% of Telemark Asset Management’s portfolio.

Other Hedge Funds, Including , Scotia Capital sold out all of its stake in CLH during the most recent quarter. The investment firm sold 4,354 shares of CLH which is valued $212,519.Blackrock Advisors boosted its stake in CLH in the latest quarter, The investment management firm added 501 additional shares and now holds a total of 29,028 shares of Clean Harbors Inc which is valued at $1,416,857.Dimensional Fund Advisors Lp boosted its stake in CLH in the latest quarter, The investment management firm added 186,113 additional shares and now holds a total of 1,717,810 shares of Clean Harbors Inc which is valued at $86,079,459. Clean Harbors Inc makes up approx 0.05% of Dimensional Fund Advisors Lp’s portfolio.Rs Investment Management Co reduced its stake in CLH by selling 271,778 shares or 16.64% in the most recent quarter. The Hedge Fund company now holds 1,361,945 shares of CLH which is valued at $71,325,060. Clean Harbors Inc makes up approx 0.70% of Rs Investment Management Co’s portfolio.

Clean Harbors Inc opened for trading at $48.38 and hit $49.01 on the upside on Monday, eventually ending the session at $48.92, with a gain of 1.24% or 0.6 points. The heightened volatility saw the trading volume jump to 1,60,076 shares. Company has a market cap of $2,813 M.

On the company’s financial health, Clean Harbors Inc reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.23. The company had revenue of $697.50 million for the quarter, compared to analysts expectations of $729.59 million. The company’s revenue was down -25.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on Clean Harbors Inc. Macquarie Initiated Clean Harbors Inc on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $51.Company shares were Reiterated by Imperial Capital on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .Company shares were Reiterated by Needham on Jun 22, 2016 to “Buy”, Firm has raised the Price Target to $ 59 from a previous price target of $51 .

Clean Harbors Inc. is a provider of environmental energy and industrial services throughout North America. The Company operates in six segments: Technical Services which provides a range of hazardous material management services; Industrial and Field Services which provides industrial and specialty services such as high-pressure and chemical cleaning catalyst handling decoking; Oil Re-refining and Recycling which processes used oil into base and blended lubricating oils; SK Environmental Services which consists of Safety-Kleen’s branches and provides a range of environmental services; Lodging Services which provides lodges and remote workforce accommodation facilities and Oil and Gas Field Services which provides fluid handling fluid hauling production servicing surface rentals seismic services. The Company has a network of over 400 service locations across 48 states eight Canadian provinces Puerto Rico Mexico and Trinidad.

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