Brokerages predict that Clean Harbors Inc (NYSE:CLH) will report $724.40 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Clean Harbors’ earnings, with estimates ranging from $710.90 million to $733.00 million. Clean Harbors posted sales of $692.11 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The business is expected to announce its next earnings results on Wednesday, February 28th.
On average, analysts expect that Clean Harbors will report full year sales of $724.40 million for the current year, with estimates ranging from $2.91 billion to $2.93 billion. For the next fiscal year, analysts anticipate that the business will report sales of $3.12 billion per share, with estimates ranging from $3.08 billion to $3.22 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Clean Harbors.
Several brokerages have recently issued reports on CLH. KeyCorp reaffirmed a “hold” rating on shares of Clean Harbors in a research note on Wednesday, November 1st. BMO Capital Markets lowered their price objective on shares of Clean Harbors from $65.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. UBS Group raised shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Clean Harbors from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Clean Harbors in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $61.00.
In other news, EVP Brian P. Weber sold 1,870 shares of Clean Harbors stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $53.00, for a total value of $99,110.00. Following the transaction, the executive vice president now directly owns 57,205 shares of the company’s stock, valued at $3,031,865. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Eric J. Dugas sold 1,139 shares of Clean Harbors stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $53.26, for a total transaction of $60,663.14. Following the completion of the transaction, the senior vice president now directly owns 13,777 shares in the company, valued at $733,763.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,484 shares of company stock worth $554,180. 8.90% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in CLH. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Clean Harbors by 49.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,120 shares of the business services provider’s stock worth $169,000 after acquiring an additional 1,039 shares in the last quarter. Zions Bancorporation purchased a new position in shares of Clean Harbors in the third quarter worth approximately $189,000. Balyasny Asset Management LLC purchased a new position in shares of Clean Harbors in the second quarter worth approximately $203,000. Stifel Financial Corp purchased a new position in shares of Clean Harbors in the third quarter worth approximately $211,000. Finally, Shelton Capital Management purchased a new position in shares of Clean Harbors in the second quarter worth approximately $221,000. 92.81% of the stock is currently owned by institutional investors and hedge funds.
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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