Clean Harbors, Inc. (CLH) Receives Average Rating of “Hold” from Brokerages
Shares of Clean Harbors, Inc. (NYSE:CLH) have received a consensus recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $59.40.
A number of equities research analysts recently weighed in on the company. Needham & Company LLC upped their price objective on Clean Harbors from $55.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. ValuEngine upgraded Clean Harbors from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research cut Clean Harbors from a “buy” rating to a “hold” rating in a research note on Friday, February 24th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Clean Harbors in a research note on Wednesday, February 22nd. Finally, Barclays PLC restated a “sell” rating and set a $50.00 price objective on shares of Clean Harbors in a research note on Friday, March 3rd.
Clean Harbors (NYSE:CLH) traded down 2.59% during trading on Tuesday, hitting $55.74. The stock had a trading volume of 164,437 shares. The stock’s market capitalization is $3.19 billion. The stock’s 50-day moving average is $58.48 and its 200-day moving average is $56.48. Clean Harbors has a 52-week low of $43.03 and a 52-week high of $61.62.
Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 3rd. The business services provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.01. The company had revenue of $688.90 million for the quarter, compared to analysts’ expectations of $662.27 million. Clean Harbors had a positive return on equity of 0.31% and a negative net margin of 1.44%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.22) earnings per share. On average, analysts predict that Clean Harbors will post $0.71 earnings per share for the current fiscal year.
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In other Clean Harbors news, Director Andrea Robertson sold 1,034 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $60.62, for a total value of $62,681.08. Following the completion of the sale, the director now directly owns 14,136 shares in the company, valued at $856,924.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael J. Twohig sold 4,071 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $59.25, for a total value of $241,206.75. Following the completion of the sale, the executive vice president now owns 30,854 shares of the company’s stock, valued at $1,828,099.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,528 shares of company stock valued at $614,510. 9.50% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Neuburgh Advisers LLC boosted its stake in Clean Harbors by 7.1% in the first quarter. Neuburgh Advisers LLC now owns 1,980 shares of the business services provider’s stock worth $110,000 after buying an additional 132 shares during the period. Tyers Asset Management LLC acquired a new stake in Clean Harbors during the fourth quarter worth approximately $131,000. Flinton Capital Management LLC purchased a new position in shares of Clean Harbors during the fourth quarter valued at about $159,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Clean Harbors by 11.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,177 shares of the business services provider’s stock valued at $167,000 after buying an additional 320 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Clean Harbors by 15.7% in the first quarter. Asset Management One Co. Ltd. now owns 3,530 shares of the business services provider’s stock valued at $196,000 after buying an additional 480 shares during the last quarter. Institutional investors own 95.84% of the company’s stock.
Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
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