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

Clean Harbors (NYSE:CLH) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

A number of other brokerages also recently weighed in on CLH. Needham & Company LLC lowered their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Truist Financial increased their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday. Oppenheimer lifted their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, Robert W. Baird cut their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $254.33.

Clean Harbors Trading Down 1.6 %

Shares of CLH traded down $3.84 during trading hours on Thursday, hitting $231.31. 700,191 shares of the stock were exchanged, compared to its average volume of 293,770. Clean Harbors has a fifty-two week low of $132.92 and a fifty-two week high of $267.11. The business has a 50-day moving average of $246.84 and a 200-day moving average of $228.98. The firm has a market capitalization of $12.48 billion, a P/E ratio of 33.47 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business posted $1.68 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. On average, research analysts expect that Clean Harbors will post 7.65 EPS for the current year.

Insider Activity at Clean Harbors

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 completion of 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the transaction, the director now owns 13,150 shares of the company’s stock, valued at $3,428,731. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the company’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 completion of 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,617 shares of company stock valued at $2,613,132. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CLH. Innealta Capital LLC purchased a new stake in shares of Clean Harbors during the 2nd quarter valued at $25,000. UMB Bank n.a. grew its position in Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after buying an additional 83 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in Clean Harbors during the second quarter worth about $56,000. CENTRAL TRUST Co raised its position in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after acquiring an additional 160 shares during the period. Finally, Blue Trust Inc. boosted its stake in Clean Harbors by 117.7% in the second quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

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.