Wall Street Zen cut shares of Clean Harbors (NYSE:CLH – Free Report) from a strong-buy rating to a buy rating in a research note released on Sunday morning,Wall Street Zen reports.
A number of other equities research analysts also recently weighed in on CLH. Barclays lifted their target price on Clean Harbors from $335.00 to $338.00 and gave the stock an “equal weight” rating in a report on Friday. Wells Fargo & Company boosted their target price on shares of Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Robert W. Baird set a $375.00 price objective on shares of Clean Harbors in a research note on Thursday. Stifel Nicolaus upped their price objective on Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $365.21.
View Our Latest Stock Analysis on CLH
Clean Harbors Stock Performance
Shares of Clean Harbors stock opened at $302.33 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.63 and a current ratio of 1.95. The company has a market cap of $15.94 billion, a PE ratio of 30.35, a P/E/G ratio of 1.71 and a beta of 0.87. Clean Harbors has a one year low of $201.34 and a one year high of $335.94. The business has a 50-day simple moving average of $315.93 and a 200-day simple moving average of $297.71.
Clean Harbors (NYSE:CLH – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The business services provider reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.67. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.73 billion. Clean Harbors had a net margin of 8.05% and a return on equity of 18.27%. The business’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.21 earnings per share. On average, equities research analysts forecast that Clean Harbors will post 10.23 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Eric Gerstenberg sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.00% of the stock is owned by insiders.
Institutional Trading of Clean Harbors
Several large investors have recently made changes to their positions in CLH. BlackRock Inc. acquired a new stake in shares of Clean Harbors in the second quarter valued at $1,516,521,000. Jupiter Topco LLC acquired a new stake in Clean Harbors during the second quarter valued at approximately $477,570,000. Bessemer Group Inc. lifted its stake in shares of Clean Harbors by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after acquiring an additional 16,747 shares during the period. First Trust Advisors LP raised its holdings in shares of Clean Harbors by 10.0% during the first quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock valued at $223,202,000 after acquiring an additional 70,447 shares during the period. Finally, Bank of America Corp DE acquired a new stake in Clean Harbors in the second quarter valued at approximately $142,801,000. 90.43% of the stock is owned by hedge funds and other institutional investors.
About Clean Harbors
Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.
Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.
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