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

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

Other equities research analysts have also recently issued reports about the stock. Truist Financial increased their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Robert W. Baird reduced their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday. The Goldman Sachs Group raised their price target on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC cut their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $254.33.

Clean Harbors Trading Up 0.8 %

Shares of Clean Harbors stock opened at $233.00 on Thursday. The company has a 50-day moving average of $246.34 and a two-hundred day moving average of $229.51. The stock has a market cap of $12.56 billion, a PE ratio of 30.34 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors has a 12-month low of $146.66 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.68 earnings per share. On average, research analysts anticipate that Clean Harbors will post 7.39 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In related news, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren States sold 309 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the sale, the director now directly owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,617 shares of company stock worth $2,613,132 in the last 90 days. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Privium Fund Management B.V. raised its stake in shares of Clean Harbors by 15.0% in the 3rd quarter. Privium Fund Management B.V. now owns 1,300 shares of the business services provider’s stock valued at $314,000 after acquiring an additional 170 shares during the period. Advisor Resource Council purchased a new position in Clean Harbors in the third quarter valued at about $926,000. MinichMacGregor Wealth Management LLC lifted its stake in shares of Clean Harbors by 1.9% during the third quarter. MinichMacGregor Wealth Management LLC now owns 34,935 shares of the business services provider’s stock worth $8,444,000 after purchasing an additional 655 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Clean Harbors by 2.3% in the third quarter. Asset Management One Co. Ltd. now owns 42,955 shares of the business services provider’s stock worth $10,383,000 after buying an additional 974 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Clean Harbors by 19.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,812 shares of the business services provider’s stock valued at $680,000 after buying an additional 454 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

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.