Clean Harbors (NYSE:CLH) Now Covered by Bank of America

Bank of America started coverage on shares of Clean Harbors (NYSE:CLH) in a report released on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $360.00 target price on the business services provider’s stock.

CLH has been the subject of several other reports. Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a research note on Tuesday, July 7th. Stifel Nicolaus assumed coverage on shares of Clean Harbors in a research report on Friday, May 29th. They set a “buy” rating and a $337.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Needham & Company LLC raised their target price on shares of Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group lifted their price target on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average price target of $330.21.

Clean Harbors Trading Down 0.6%

Shares of CLH stock opened at $301.92 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The stock has a fifty day simple moving average of $293.46 and a two-hundred day simple moving average of $287.08. The firm has a market capitalization of $15.96 billion, a PE ratio of 40.91 and a beta of 0.86. Clean Harbors has a 52-week low of $201.34 and a 52-week high of $316.98.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, analysts predict that Clean Harbors will post 8.59 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 789 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Several institutional investors have recently bought and sold shares of CLH. Integrated Wealth Concepts LLC increased its holdings in shares of Clean Harbors by 102.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after buying an additional 1,109 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Clean Harbors by 47.7% in the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 196 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after acquiring an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Clean Harbors by 65.1% during the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock worth $1,118,000 after acquiring an additional 1,908 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in Clean Harbors by 1.4% during the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.