Clean Harbors (NYSE:CLH) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Clean Harbors (NYSE:CLH) from a buy rating to a hold rating in a research report released on Tuesday morning.

A number of other research analysts also recently commented on the stock. 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 price target for the company. Robert W. Baird cut their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus cut their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Finally, Oppenheimer cut their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $266.56.

Clean Harbors Stock Down 3.5 %

NYSE CLH opened at $198.66 on Tuesday. 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 has a 12 month low of $186.54 and a 12 month high of $267.11. The stock’s 50 day moving average is $213.44 and its 200 day moving average is $234.31. The stock has a market cap of $10.70 billion, a PE ratio of 26.77 and a beta of 1.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for 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 quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.82 EPS. Research analysts predict that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Eric J. Dugas acquired 1,050 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the transaction, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $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. In the last quarter, insiders sold 3,341 shares of company stock valued at $663,041. Company insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of large investors have recently added to or reduced their stakes in CLH. Kapitalo Investimentos Ltda purchased a new position in shares of Clean Harbors in the 4th quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 159 shares in the last quarter. Allworth Financial LP grew its holdings in Clean Harbors by 130.4% in the fourth 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 last quarter. Assetmark Inc. grew its holdings in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after purchasing an additional 205 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Clean Harbors during the fourth quarter worth $56,000. 90.43% of the stock is currently owned by institutional investors.

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.