Clean Harbors, Inc. (CLH) Receives “Buy” Rating from Stifel Nicolaus
Clean Harbors, Inc. (NYSE:CLH)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a research report issued to clients and investors on Wednesday. They presently have a $67.00 price target on the business services provider’s stock. Stifel Nicolaus’ price objective points to a potential upside of 19.86% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. ValuEngine upgraded Clean Harbors from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Clean Harbors from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. KeyCorp upped their price objective on Clean Harbors from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, May 23rd. Wedbush reiterated an “outperform” rating and issued a $63.00 price objective on shares of Clean Harbors in a research note on Tuesday, April 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price objective on shares of Clean Harbors in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $60.92.
Clean Harbors (NYSE CLH) traded up 0.47% during mid-day trading on Wednesday, reaching $56.16. The company’s stock had a trading volume of 10,919 shares. The firm has a 50 day moving average price of $56.43 and a 200 day moving average price of $56.34. The company’s market cap is $3.21 billion. Clean Harbors has a 52-week low of $43.03 and a 52-week high of $61.62.
Clean Harbors (NYSE:CLH) last announced its earnings results 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. Clean Harbors had a positive return on equity of 0.31% and a negative net margin of 1.44%. The business had revenue of $688.90 million during the quarter, compared to analysts’ expectations of $662.27 million. During the same quarter in the previous year, the firm earned ($0.22) EPS. Clean Harbors’s quarterly revenue was up 8.3% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors will post $0.70 earnings per share for the current year.
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In other Clean Harbors news, Director Andrea Robertson sold 1,034 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $60.62, for a total transaction of $62,681.08. Following the sale, the director now owns 14,136 shares of the company’s stock, valued at approximately $856,924.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian P. Weber sold 1,945 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $54.06, for a total transaction of $105,146.70. Following the sale, the executive vice president now directly owns 51,656 shares in the company, valued at approximately $2,792,523.36. The disclosure for this sale can be found here. Insiders have sold a total of 11,452 shares of company stock worth $668,576 in the last three months. Insiders own 9.50% of the company’s stock.
A number of large investors have recently modified their holdings of CLH. Neuburgh Advisers LLC boosted its stake in shares of 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 last quarter. Bank of Montreal Can acquired a new stake in shares of Clean Harbors during the second quarter worth about $111,000. Tower Research Capital LLC TRC boosted its stake in shares of Clean Harbors by 292.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,243 shares of the business services provider’s stock worth $117,000 after buying an additional 1,671 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Clean Harbors by 10.0% in the third quarter. Advisor Group Inc. now owns 2,575 shares of the business services provider’s stock worth $123,000 after buying an additional 234 shares during the last quarter. Finally, Tyers Asset Management LLC acquired a new stake in shares of Clean Harbors during the fourth quarter worth about $131,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.
About Clean Harbors
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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