Clean Harbors (NYSE:CLH) Cut to “Hold” at StockNews.com

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

Other equities analysts have also recently issued reports about the company. BMO Capital Markets cut their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Truist Financial lowered their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Oppenheimer dropped their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. TD Cowen initiated coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. Finally, Stifel Nicolaus dropped their target price on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $270.56.

Clean Harbors Trading Down 1.5 %

NYSE CLH opened at $210.34 on Tuesday. Clean Harbors has a 12 month low of $180.37 and a 12 month high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock’s fifty day moving average price is $231.04 and its 200-day moving average price is $241.50. The stock has a market cap of $11.33 billion, a P/E ratio of 28.35 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the firm posted $1.82 EPS. Clean Harbors’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 924 shares of company stock valued at $219,570 over the last ninety days. Company insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several large investors have recently bought and sold shares of CLH. Kapitalo Investimentos Ltda purchased a new stake in shares of Clean Harbors during the fourth quarter worth $32,000. Skandinaviska Enskilda Banken AB publ boosted its position in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after acquiring an additional 159 shares during the last quarter. Allworth Financial LP grew its stake in Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. raised its holdings in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 205 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Clean Harbors in the 3rd quarter worth approximately $56,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Company Profile

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.