Clean Harbors (NYSE:CLH) Lowered to Hold Rating by StockNews.com

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

Several other equities analysts also recently commented on CLH. Robert W. Baird decreased their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. The Goldman Sachs Group decreased their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Truist Financial dropped their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. Finally, Stifel Nicolaus lowered their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average price target of $266.56.

Clean Harbors Trading Up 1.8 %

Shares of NYSE:CLH opened at $200.65 on Tuesday. Clean Harbors has a 12-month low of $186.54 and a 12-month high of $267.11. The business has a 50 day moving average of $215.05 and a 200-day moving average of $234.76. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The stock has a market cap of $10.81 billion, a PE ratio of 27.04 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company posted $1.82 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors will post 7.89 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other news, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction that occurred 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 directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eric J. Dugas acquired 1,050 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 3,341 shares of company stock worth $663,041 over the last three months. Corporate insiders own 5.90% of the company’s stock.

Institutional Trading of Clean Harbors

Hedge funds and other institutional investors have recently modified their holdings of the stock. PKO Investment Management Joint Stock Co bought a new position in Clean Harbors in the fourth quarter valued at about $3,452,000. Park Square Financial Group LLC bought a new position in Clean Harbors in the 4th quarter valued at approximately $182,000. Carolinas Wealth Consulting LLC increased its position in Clean Harbors by 2,800.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 252 shares during the period. Armis Advisers LLC acquired a new position in shares of Clean Harbors during the fourth quarter worth $327,000. Finally, Putney Financial Group LLC bought a new stake in shares of Clean Harbors in the fourth quarter worth $511,000. 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.