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

StockNews.com upgraded shares of Clean Harbors (NYSE:CLH) from a hold rating to a buy rating in a report issued on Wednesday.

Several other equities research analysts also recently issued reports on CLH. Oppenheimer cut their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus dropped their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Robert W. Baird dropped their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Truist Financial decreased their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, TD Cowen began coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and a consensus price target of $266.56.

Clean Harbors Trading Down 0.7 %

Clean Harbors stock opened at $196.43 on Wednesday. The stock has a 50-day simple moving average of $220.56 and a 200 day simple moving average of $236.68. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock has a market capitalization of $10.58 billion, a P/E ratio of 26.47 and a beta of 1.22. Clean Harbors has a 52 week low of $186.54 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $1.82 earnings per share. Analysts expect that Clean Harbors will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now owns 40,008 shares of the company’s stock, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Eric J. Dugas acquired 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

Several institutional investors have recently modified their holdings of the business. Reliant Investment Management LLC acquired a new position in Clean Harbors in the fourth quarter valued at $4,386,000. Fiduciary Alliance LLC acquired a new position in Clean Harbors in the fourth quarter valued at $846,000. Mountain Pacific Investment Advisers LLC lifted its holdings in Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after buying an additional 4,240 shares during the period. Barclays PLC lifted its holdings in Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after buying an additional 8,639 shares during the period. Finally, Anthracite Investment Company Inc. acquired a new position in Clean Harbors in the third quarter valued at $1,692,000. 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.