Arrowpoint Asset Management Llc decreased its stake in Clean Harbors Inc (CLH) by 2.73% based on its latest 2016Q3 regulatory filing with the SEC. Arrowpoint Asset Management Llc sold 68,329 shares as the company’s stock declined 8.73% while stock markets rallied. The institutional investor held 2.44M shares of the basic industries company at the end of 2016Q3, valued at $117.03M, down from 2.51 million 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 $3.01B market cap company. The stock is up 1.35% or $0.73 hitting $54.65, despite the negative news. About 202,994 shares traded hands. Clean Harbors Inc (NYSE:CLH) has risen 0.43% since June 7, 2016 and is uptrending. It has underperformed by 6.99% the S&P500.
Arrowpoint Asset Management Llc, which manages about $5.56 billion and $5.50 billion US Long portfolio, upped its stake in Tennant Co (NYSE:TNC) by 63,545 shares to 1.22 million shares, valued at $78.97M in 2016Q3, according to the filing. It also increased its holding in Malibu Boats Inc (NASDAQ:MBUU) by 227,648 shares in the quarter, for a total of 506,516 shares, and has risen its stake in Polaris Inds Inc (NYSE:PII).
Arrowpoint Asset Management Llc is a Colorado-based institutional investor with more than $5.56 billion AUM in March, 2014. Taken from Arrowpoint Asset Management latest Adv, the fund reported to have 33 full and part-time employees. Among which 18 performing investment advisory and research functions. The institutional investor had between 26-100 clients.
Insitutional Activity: The institutional sentiment decreased to 0.83 in Q3 2016. Its down 0.03, from 0.86 in 2016Q2. The ratio turned negative, as 26 funds sold all CLH shares owned while 81 reduced positions. 17 funds bought stakes while 72 increased positions. They now own 52.03 million shares or 2.43% less from 53.33 million shares in 2016Q2. Barclays Public Limited Liability Co last reported 71,068 shares in the company. Blackrock Invest Mngmt Ltd Llc has 0.01% invested in the company for 155,320 shares. Aqr Management Ltd last reported 216,361 shares in the company. Ledyard Natl Bank reported 3,995 shares or 0.03% of all its holdings. The New York-based State Teachers Retirement System has invested 0.01% in Clean Harbors Inc (NYSE:CLH). Oxford Asset Mgmt has invested 0.16% of its portfolio in Clean Harbors Inc (NYSE:CLH). Cwm Ltd accumulated 0.19% or 57,790 shares. Vanguard Gp Incorporated last reported 3.78M shares in the company. Utah Retirement accumulated 9,500 shares or 0.01% of the stock. Jefferies Grp Inc Ltd Limited Liability Company has invested 0% of its portfolio in Clean Harbors Inc (NYSE:CLH). Manchester Cap Mgmt Ltd Liability Co holds 132 shares or 0% of its portfolio. Bb&T Limited Liability Company has 0.03% invested in the company for 41,890 shares. Moreover, Renaissance Techs Ltd Liability Com has 0.07% invested in Clean Harbors Inc (NYSE:CLH) for 783,200 shares. Mizuho Asset Mngmt Coltd, a Japan-based fund reported 3,960 shares. Lba Wealth Management Ltd Co holds 300 shares or 0.01% of its portfolio.
Insider Transactions: Since August 4, 2016, the stock had 1 buy, and 13 selling transactions for $4.73 million net activity. $336,896 worth of shares were sold by CURTIS GEORGE L on Monday, December 12. PARRY DAVID M sold 4,060 shares worth $192,322. $40,086 worth of Clean Harbors Inc (NYSE:CLH) was sold by Weber Brian P on Wednesday, December 28. Lefebvre Marvin G sold $522,000 worth of Clean Harbors Inc (NYSE:CLH) on Thursday, December 1. 20,000 Clean Harbors Inc (NYSE:CLH) shares with value of $1.16 million were sold by MCKIM ALAN S. Marlin Rod had sold 3,394 shares worth $190,777 on Wednesday, December 28. On Friday, December 9 GERSTENBERG ERIC W sold $415,620 worth of the stock or 7,500 shares.
Analysts await Clean Harbors Inc (NYSE:CLH) to report earnings on February, 22. They expect $0.01 EPS, down 83.33% or $0.05 from last year’s $0.06 per share. CLH’s profit will be $550,778 for 1366.25 P/E if the $0.01 EPS becomes a reality. After $0.16 actual EPS reported by Clean Harbors Inc for the previous quarter, Wall Street now forecasts -93.75% negative EPS growth.
More important recent Clean Harbors Inc (NYSE:CLH) news were published by: Nasdaq.com which released: “Clean Harbors Poised for Growth Despite Short-Term Woes” on January 03, 2017, also Moodys.com published article titled: “Moody’s affirms Clean Harbors’ Ba2 CFR; maintains stable outlook”, Seekingalpha.com published: “Clean Harbors: Attractive Valuation Isn’t Enough” on February 22, 2016. More interesting news about Clean Harbors Inc (NYSE:CLH) was released by: Businesswire.com and their article: “Clean Harbors Reports Second-Quarter 2016 Financial Results” with publication date: August 03, 2016.
According to Zacks Investment Research, “Clean Harbors, Inc., through its subsidiaries, operates in one industry segment providing a wide range of environmental services to a diversified customer base in the United States and Puerto Rico. The Company is managed on a regional basis, with a full range of services being offered in the Northeast, Mid-Atlantic and Midwest regions, and a presence in the Western region. The Company has a network of sales and regional logistics offices and service centers. The service centers interface with customers, and perform a variety of environmental remediation.”
Clean Harbors Inc (NYSE:CLH) Ratings Coverage
Out of 8 analysts covering Clean Harbors Inc. (NYSE:CLH), 3 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 38% are positive. Clean Harbors Inc. has been the topic of 16 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Clean Harbors Inc (NYSE:CLH) earned “Buy” rating by Stifel Nicolaus on Monday, November 14. The company was maintained on Thursday, November 5 by Needham. The stock has “Equal Weight” rating given by Barclays Capital on Monday, November 7. The rating was initiated by Barclays Capital on Wednesday, May 18 with “Overweight”. On Tuesday, January 26 the stock rating was downgraded by Raymond James to “Underperform”. The rating was maintained by Barclays Capital on Tuesday, August 9 with “Overweight”. The stock of Clean Harbors Inc (NYSE:CLH) has “Outperform” rating given on Thursday, November 5 by Imperial Capital. Sterne Agee CRT initiated the shares of CLH in a report on Tuesday, March 22 with “Neutral” rating. The stock of Clean Harbors Inc (NYSE:CLH) earned “Underweight” rating by Barclays Capital on Tuesday, January 10. The stock of Clean Harbors Inc (NYSE:CLH) has “Buy” rating given on Thursday, November 3 by Needham.
CLH Company Profile
Clean Harbors, Inc., incorporated on February 27, 1987, is a well-known provider of environmental, energy and industrial services throughout North America. The Firm operates in six divisions: Technical Services; Industrial and Field Services; Kleen Performance Products; SK Environmental Services; Lodging Services, and Oil and Gas Field Services. The Firm has a network of over 450 service locations across approximately 47 states, over eight Canadian provinces, Puerto Rico, Mexico and Trinidad. The service locations include service centers, satellite locations, branches, active hazardous waste management properties, lodging facilities and oil processing facilities. The service centers and branches are the sales and service centers from which the Company provides its environmental, energy and industrial services.
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