By otakuyassine3@gmail.com 
Clean Harbors (NYSE:CLH – Get Free Report) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
A number of other research analysts also recently issued reports on CLH. The Goldman Sachs Group lowered their price target on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Robert W. Baird decreased their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Finally, Stifel Nicolaus decreased their target price on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.56.
View Our Latest Research Report on CLH
Clean Harbors Trading Up 2.5 %
NYSE CLH opened at $205.85 on Tuesday. The stock has a market cap of $11.09 billion, a P/E ratio of 27.74 and a beta of 1.22. The stock’s fifty day moving average price is $214.30 and its 200-day moving average price is $234.56. Clean Harbors has a 12 month low of $186.54 and a 12 month high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.
Clean Harbors (NYSE:CLH – Get Free Report) last issued its earnings results 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 business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned $1.82 earnings per share. As a group, equities analysts forecast that Clean Harbors will post 7.89 EPS for the current fiscal year.
Insider Buying and Selling
In other Clean Harbors news, Director Lauren States sold 308 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Kapitalo Investimentos Ltda bought a new position in shares of Clean Harbors in the fourth quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP boosted its stake in Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares during the period. Assetmark Inc. grew its holdings in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after buying an additional 205 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $56,000. 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.
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