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

StockNews.com lowered shares of Clean Harbors (NYSE:CLH) from a buy rating to a hold rating in a report published on Thursday.

Several other research firms have also recently weighed in on CLH. BMO Capital Markets cut their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. 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 research note on Thursday, February 20th. The Goldman Sachs Group lowered their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.40.

Clean Harbors Stock Up 3.2 %

Shares of NYSE:CLH opened at $200.20 on Thursday. The company has a 50 day moving average price of $206.23 and a two-hundred day moving average price of $231.29. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The company has a market capitalization of $10.78 billion, a PE ratio of 26.98 and a beta of 1.11. Clean Harbors has a 52 week low of $178.29 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during 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 firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. Analysts forecast that Clean Harbors will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Eric J. Dugas bought 1,050 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Speights sold 2,725 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,341 shares of company stock valued at $663,041 in the last three months. 5.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds have recently bought and sold shares of the company. Trinity Street Asset Management LLP lifted its holdings in Clean Harbors by 9.5% during the 1st quarter. Trinity Street Asset Management LLP now owns 120,465 shares of the business services provider’s stock valued at $23,744,000 after purchasing an additional 10,425 shares during the last quarter. NBC Securities Inc. lifted its stake in shares of Clean Harbors by 119,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,197 shares of the business services provider’s stock worth $235,000 after buying an additional 1,196 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Clean Harbors by 15.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,025 shares of the business services provider’s stock worth $399,000 after buying an additional 267 shares during the period. GAMMA Investing LLC grew its stake in Clean Harbors by 13,241.7% in the 1st quarter. GAMMA Investing LLC now owns 82,585 shares of the business services provider’s stock valued at $16,278,000 after buying an additional 81,966 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in Clean Harbors by 11.5% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,056 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 109 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.