Clean Harbors (NYSE:CLH) Lowered to Buy at StockNews.com

StockNews.com cut shares of Clean Harbors (NYSE:CLH) from a strong-buy rating to a buy rating in a report published on Thursday morning.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC reissued a buy rating and issued a $235.00 price objective on shares of Clean Harbors in a report on Thursday. Truist Financial boosted their price objective on Clean Harbors from $200.00 to $210.00 and gave the company a buy rating in a report on Thursday, February 22nd. Raymond James boosted their price objective on Clean Harbors from $225.00 to $235.00 and gave the company a strong-buy rating in a report on Thursday. Oppenheimer upped their price target on Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. Finally, BMO Capital Markets upped their price target on Clean Harbors from $225.00 to $230.00 and gave the stock an outperform rating in a report on Thursday. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $216.40.

Clean Harbors Stock Up 0.9 %

Clean Harbors stock opened at $207.35 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.66 and a current ratio of 2.07. The business’s 50-day simple moving average is $193.88 and its two-hundred day simple moving average is $177.29. The company has a market cap of $11.18 billion, a PE ratio of 30.01 and a beta of 1.24. Clean Harbors has a fifty-two week low of $132.92 and a fifty-two week high of $210.26.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. Equities analysts anticipate that Clean Harbors will post 7.46 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the transaction, the chief executive officer now owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders sold 25,185 shares of company stock valued at $4,819,554 over the last quarter. 5.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Clean Harbors

A number of large investors have recently made changes to their positions in CLH. Cambridge Investment Research Advisors Inc. grew its position in shares of Clean Harbors by 2.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock valued at $503,000 after purchasing an additional 71 shares in the last quarter. Simon Quick Advisors LLC purchased a new stake in shares of Clean Harbors in the third quarter valued at approximately $255,000. Bank of New York Mellon Corp grew its position in shares of Clean Harbors by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 456,888 shares of the business services provider’s stock valued at $76,465,000 after purchasing an additional 4,229 shares in the last quarter. Monument Capital Management grew its position in shares of Clean Harbors by 13.2% in the third quarter. Monument Capital Management now owns 10,692 shares of the business services provider’s stock valued at $1,789,000 after purchasing an additional 1,246 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Clean Harbors by 8.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,020 shares of the business services provider’s stock valued at $2,179,000 after purchasing an additional 1,054 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. 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 offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.