Clean Harbors (NYSE:CLH) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Clean Harbors (NYSE:CLH – Get Rating) from a buy rating to a strong-buy rating in a report published on Sunday.

Several other equities analysts have also recently weighed in on CLH. Raymond James raised shares of Clean Harbors from an outperform rating to a strong-buy rating and raised their price target for the company from $120.00 to $125.00 in a research report on Monday, January 10th. Needham & Company LLC reissued a buy rating and issued a $125.00 price target on shares of Clean Harbors in a report on Thursday, February 24th. DA Davidson assumed coverage on shares of Clean Harbors in a research report on Wednesday, March 30th. They set a buy rating and a $130.00 price target for the company. Finally, The Goldman Sachs Group upgraded shares of Clean Harbors from a sell rating to a neutral rating and boosted their price target for the company from $95.00 to $120.00 in a research report on Monday, April 4th. One analyst has rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Buy and an average target price of $122.22.

Shares of CLH opened at $107.56 on Friday. Clean Harbors has a 12-month low of $86.02 and a 12-month high of $118.89. The business has a 50-day simple moving average of $102.25 and a two-hundred day simple moving average of $102.58. The company has a quick ratio of 1.61, a current ratio of 1.88 and a debt-to-equity ratio of 1.66. The stock has a market cap of $5.85 billion, a PE ratio of 28.99 and a beta of 1.65.

Clean Harbors (NYSE:CLH – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The business services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.26. Clean Harbors had a net margin of 5.34% and a return on equity of 13.92%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company earned $0.63 EPS. The company’s revenue for the quarter was up 40.5% on a year-over-year basis. On average, equities research analysts expect that Clean Harbors will post 4.26 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 that occurred 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Eric W. Gerstenberg sold 6,927 shares of the company’s stock in a transaction that occurred on Friday, March 25th. The shares were sold at an average price of $106.62, for a total value of $738,556.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,927 shares of company stock valued at $4,119,157. Company insiders own 7.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. Lazard Asset Management LLC purchased a new position in shares of Clean Harbors in the fourth quarter worth $27,000. Captrust Financial Advisors grew its position in Clean Harbors by 97.8% during the third quarter. Captrust Financial Advisors now owns 356 shares of the business services provider’s stock valued at $37,000 after buying an additional 176 shares during the period. Quent Capital LLC acquired a new position in shares of Clean Harbors during the 4th quarter worth about $50,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Clean Harbors during the 3rd quarter worth about $58,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of Clean Harbors by 204.1% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 745 shares of the business services provider’s stock worth $77,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 87.74% of the company’s stock.

About Clean Harbors (Get Rating)

Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and the Safety-Kleen Sustainability Solutions segments. The Environmental Services segment consists of the technical services, industrial services, field services, and oil, gas, and lodging businesses.

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