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

Clean Harbors (NYSE:CLH - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday.

Other equities research analysts also recently issued reports about the stock. Truist Financial cut their price target on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Robert W. Baird cut their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. TD Cowen began coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a "buy" rating and a $325.00 price target on the stock. BMO Capital Markets cut their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group decreased their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Clean Harbors presently has an average rating of "Moderate Buy" and a consensus target price of $266.56.

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Clean Harbors Price Performance

Shares of Clean Harbors stock traded down $8.30 on Tuesday, hitting $190.21. The company had a trading volume of 894,665 shares, compared to its average volume of 332,161. Clean Harbors has a 52 week low of $184.52 and a 52 week high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a market cap of $10.24 billion, a PE ratio of 25.63 and a beta of 1.11. The business has a 50-day simple moving average of $212.46 and a 200-day simple moving average of $233.88.

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

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares of the company's stock, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric J. Dugas bought 1,050 shares of the stock in a transaction on Monday, March 10th. The shares were 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 in the company, valued at approximately $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 valued at $663,041 over the last quarter. Company insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On Clean Harbors

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Clean Harbors by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock worth $1,072,237,000 after acquiring an additional 11,814 shares in the last quarter. Wellington Management Group LLP increased its position 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 purchasing an additional 592,341 shares during the last quarter. Select Equity Group L.P. raised its stake in shares of Clean Harbors by 4.8% during the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after purchasing an additional 80,436 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after buying an additional 697,630 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Clean Harbors by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after buying an additional 13,167 shares in 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.