Clean Harbors (NYSE:CLH) Upgraded at StockNews.com

Clean Harbors (NYSE:CLH - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday.

Several other research firms have also recently commented on CLH. Truist Financial cut their price target on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, February 20th. BMO Capital Markets cut their price target on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. 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. Needham & Company LLC reissued a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Finally, Robert W. Baird dropped their target price on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $270.56.

Remove Ads

Clean Harbors Stock Performance

Shares of NYSE CLH traded down $0.25 during trading hours on Wednesday, hitting $197.29. 527,932 shares of the company's stock were exchanged, compared to its average volume of 459,305. The company's 50-day moving average price is $228.43 and its 200-day moving average price is $240.43. 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 stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 26.59 and a beta of 1.22. Clean Harbors has a 1-year low of $184.51 and a 1-year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 EPS. On average, sell-side analysts expect that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 308 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction 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 $2,922,503.04. This trade represents a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 924 shares of company stock valued at $219,570 in the last three months. Corporate insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On Clean Harbors

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hantz Financial Services Inc. increased its holdings in Clean Harbors by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider's stock valued at $678,000 after purchasing an additional 39 shares in the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Clean Harbors by 8.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider's stock valued at $140,000 after buying an additional 45 shares during the period. Traynor Capital Management Inc. increased its stake in shares of Clean Harbors by 3.6% in the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock valued at $334,000 after buying an additional 50 shares during the period. CIBC Asset Management Inc increased its stake in shares of Clean Harbors by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider's stock valued at $378,000 after buying an additional 53 shares during the period. Finally, Williamson Legacy Group LLC increased its stake in shares of Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock valued at $858,000 after buying an additional 53 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

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.