Clean Harbors Inc. (NYSE:CLH) Receives Average Rating of “Hold” from Analysts
Clean Harbors Inc. (NYSE:CLH) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the firm. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $56.00.
CLH has been the subject of a number of analyst reports. Macquarie initiated coverage on Clean Harbors in a research report on Thursday, August 25th. They set a “neutral” rating and a $51.00 price objective for the company. Zacks Investment Research raised Clean Harbors from a “sell” rating to a “hold” rating in a research report on Thursday, June 16th. Needham & Company LLC raised their price objective on Clean Harbors from $51.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, June 22nd. Barclays PLC reduced their price objective on Clean Harbors from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. Finally, Imperial Capital raised their price objective on Clean Harbors from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th.
In related news, EVP Brian P. Weber sold 920 shares of Clean Harbors stock in a transaction on Tuesday, June 28th. The stock was sold at an average price of $50.22, for a total transaction of $46,202.40. Following the transaction, the executive vice president now directly owns 47,828 shares in the company, valued at $2,401,922.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Robertson sold 3,608 shares of Clean Harbors stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $50.85, for a total value of $183,466.80. Following the transaction, the director now owns 15,170 shares in the company, valued at $771,394.50. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.
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A number of institutional investors have recently added to or reduced their stakes in CLH. Canada Pension Plan Investment Board increased its position in Clean Harbors by 133.6% in the first quarter. Canada Pension Plan Investment Board now owns 134,300 shares of the company’s stock valued at $6,626,000 after buying an additional 76,800 shares during the period. NN Investment Partners Holdings N.V. acquired a new position in shares of Clean Harbors during the first quarter valued at approximately $1,192,000. Impax Asset Management LTD increased its position in shares of Clean Harbors by 39.9% in the first quarter. Impax Asset Management LTD now owns 593,370 shares of the company’s stock valued at $29,279,000 after buying an additional 169,104 shares during the last quarter. Impax Asset Management AIFM Ltd increased its position in shares of Clean Harbors by 2.4% in the first quarter. Impax Asset Management AIFM Ltd now owns 390,903 shares of the company’s stock valued at $19,290,000 after buying an additional 9,128 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Clean Harbors by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,568,590 shares of the company’s stock valued at $77,394,000 after buying an additional 12,301 shares during the last quarter. Institutional investors own 95.11% of the company’s stock.
Shares of Clean Harbors (NYSE:CLH) traded up 0.78% on Wednesday, hitting $46.38. The stock had a trading volume of 133,386 shares. The stock has a market cap of $2.67 billion, a PE ratio of 112.03 and a beta of 0.79. Clean Harbors has a 12 month low of $37.09 and a 12 month high of $54.54. The stock has a 50 day moving average of $48.35 and a 200-day moving average of $49.59.
Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, August 3rd. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.08. The firm earned $397.50 million during the quarter, compared to analysts’ expectations of $727.68 million. Clean Harbors had a net margin of 0.81% and a return on equity of 3.74%. The company’s revenue for the quarter was down 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. Equities research analysts anticipate that Clean Harbors will post $0.51 EPS for the current year.
About Clean Harbors
Clean Harbors, Inc is a provider of environmental, energy and industrial services. The Company operates in six segments: Technical Services; Industrial and Field Services; Kleen Performance Products; SK Environmental Services; Lodging Services, and Oil and Gas Field Services. Its Technical Services segment involves the collection, transportation, treatment and disposal of hazardous and non-hazardous wastes.
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