Clean Harbors (NYSE:CLH) Downgraded by StockNews.com to Buy

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

Several other equities research analysts also recently commented on CLH. Oppenheimer boosted their target price on Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. Truist Financial boosted their price target on Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. BMO Capital Markets boosted their price target on Clean Harbors from $225.00 to $230.00 and gave the stock an outperform rating in a research note on Thursday. Stifel Nicolaus restated a buy rating and issued a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. Finally, Raymond James boosted their price target on Clean Harbors from $225.00 to $235.00 and gave the stock a strong-buy rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of $216.40.

Clean Harbors Trading Up 0.9 %

Clean Harbors stock opened at $207.35 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.66 and a debt-to-equity ratio of 1.20. The business’s fifty day simple moving average is $193.88 and its two-hundred day simple moving average is $177.29. Clean Harbors has a 12 month low of $132.92 and a 12 month high of $210.26. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 30.01 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, equities analysts predict that Clean Harbors will post 7.46 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 67,374 shares in the company, valued at $12,646,773.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now owns 62,803 shares in the company, valued at $12,502,193.21. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was 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 approximately $12,646,773.54. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,185 shares of company stock worth $4,819,554. 5.90% of the stock is owned by insiders.

Institutional Trading of Clean Harbors

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its stake in Clean Harbors by 2.4% during 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 buying an additional 71 shares during the last quarter. Simon Quick Advisors LLC bought a new position in Clean Harbors during the third quarter valued at approximately $255,000. Bank of New York Mellon Corp boosted its stake in Clean Harbors by 0.9% during 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 buying an additional 4,229 shares during the last quarter. Monument Capital Management boosted its stake in Clean Harbors by 13.2% during the third quarter. Monument Capital Management now owns 10,692 shares of the business services provider’s stock valued at $1,789,000 after buying an additional 1,246 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Clean Harbors by 8.8% during 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 buying an additional 1,054 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

About Clean Harbors

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.