Clean Harbors (NYSE:CLH – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
CLH has been the subject of a number of other research reports. Robert W. Baird upped their price objective on Clean Harbors from $128.00 to $131.00 in a research note on Thursday, May 5th. Needham & Company LLC restated a “buy” rating and issued a $125.00 target price on shares of Clean Harbors in a research note on Thursday, February 24th. The Goldman Sachs Group upgraded Clean Harbors from a “sell” rating to a “neutral” rating and increased their price objective for the company from $95.00 to $120.00 in a research report on Monday, April 4th. DA Davidson started coverage on Clean Harbors in a research report on Wednesday, March 30th. They set a “buy” rating and a $130.00 price target on the stock. Finally, Raymond James increased their price objective on Clean Harbors from $125.00 to $130.00 and gave the stock a “strong-buy” rating in a report on Friday, April 22nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $127.33.
Shares of Clean Harbors stock opened at $88.25 on Friday. The stock has a fifty day simple moving average of $105.44 and a 200 day simple moving average of $101.82. Clean Harbors has a 12-month low of $85.67 and a 12-month high of $118.89. The company has a market capitalization of $4.80 billion, a P/E ratio of 21.27 and a beta of 1.58. The company has a current ratio of 1.98, a quick ratio of 1.61 and a debt-to-equity ratio of 1.58.
Clean Harbors (NYSE:CLH – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 5.44%. Clean Harbors’s revenue was up 44.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.42 earnings per share. On average, analysts predict that Clean Harbors will post 4.47 EPS for the current year.
In other Clean Harbors news, CEO Alan S. Mckim sold 30,000 shares of the company’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $109.51, for a total transaction of $3,285,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Robertson sold 1,000 shares of the company’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $95.30, for a total value of $95,300.00. The disclosure for this sale can be found here. In the last three months, insiders sold 38,677 shares of company stock worth $4,187,167. 6.60% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of CLH. Bullseye Asset Management LLC lifted its stake in Clean Harbors by 27.6% in the 3rd quarter. Bullseye Asset Management LLC now owns 86,521 shares of the business services provider’s stock valued at $8,987,000 after buying an additional 18,699 shares in the last quarter. BlackRock Inc. lifted its stake in Clean Harbors by 1.0% in the 3rd quarter. BlackRock Inc. now owns 4,243,435 shares of the business services provider’s stock valued at $440,767,000 after buying an additional 40,816 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Clean Harbors by 10.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 92,255 shares of the business services provider’s stock valued at $9,130,000 after buying an additional 8,913 shares in the last quarter. Natixis Advisors L.P. lifted its stake in Clean Harbors by 10.0% in the 4th quarter. Natixis Advisors L.P. now owns 60,578 shares of the business services provider’s stock valued at $6,044,000 after buying an additional 5,490 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Clean Harbors in the 3rd quarter valued at about $546,000. Hedge funds and other institutional investors own 86.53% of the company’s stock.
About Clean Harbors (Get Rating)
Clean Harbors, Inc provides environmental and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.
