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

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

Several other research firms also recently commented on CLH. Robert W. Baird dropped their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. TD Cowen began coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a "buy" rating and a $325.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and set a $268.00 price objective on shares of Clean Harbors in a research note 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 for the company in a research report on Thursday, February 20th. Finally, Oppenheimer dropped their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors has an average rating of "Moderate Buy" and a consensus target price of $270.56.

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Clean Harbors Stock Up 1.3 %

Shares of Clean Harbors stock traded up $2.72 on Tuesday, reaching $213.24. The stock had a trading volume of 624,547 shares, compared to its average volume of 448,240. The company has a 50 day moving average price of $230.70 and a 200 day moving average price of $241.38. The stock has a market capitalization of $11.48 billion, a P/E ratio of 28.74 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors has a 1 year low of $180.37 and a 1 year high of $267.11.

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

Insider Activity

In related news, Director Lauren States sold 308 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the transaction, the director now directly owns 12,534 shares of the company's stock, valued at $3,071,582.04. This trade represents a 2.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 924 shares of company stock valued at $219,570 over the last quarter. Corporate insiders own 5.90% of the company's stock.

Institutional Trading of Clean Harbors

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Clean Harbors by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after buying an additional 11,814 shares during the last quarter. Wellington Management Group LLP grew its stake in Clean Harbors by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after acquiring an additional 592,341 shares during the period. Select Equity Group L.P. raised its holdings in Clean Harbors by 4.8% in the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock valued at $403,085,000 after acquiring an additional 80,436 shares during the last quarter. FMR LLC boosted its holdings in shares of Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock worth $422,319,000 after purchasing an additional 187,140 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in Clean Harbors by 72.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after buying an additional 697,630 shares during the last quarter. Institutional investors and hedge funds 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.