Clean Harbors (NYSE:CLH) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Clean Harbors (NYSE:CLH) from a hold rating to a buy rating in a report released on Wednesday.

Several other equities analysts also recently commented on CLH. Robert W. Baird lowered their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus lowered their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Oppenheimer reduced their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $270.56.

Clean Harbors Trading Up 0.4 %

NYSE:CLH opened at $202.07 on Wednesday. Clean Harbors has a 52 week low of $184.51 and a 52 week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock’s 50 day moving average price is $229.69 and its 200 day moving average price is $241.00. The company has a market capitalization of $10.88 billion, a P/E ratio of 27.23 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results 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 return on equity of 16.33% and a net margin of 6.83%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company posted $1.82 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research 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 firm’s stock in a transaction on 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 directly owns 11,918 shares of the company’s stock, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 924 shares of company stock valued at $219,570 over the last ninety days. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kapitalo Investimentos Ltda bought a new position in Clean Harbors in the fourth quarter worth $32,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of 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 valued at $38,000 after acquiring an additional 159 shares during the period. Allworth Financial LP lifted its holdings in shares of Clean Harbors by 130.4% during the fourth 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 during the period. Assetmark Inc. lifted its holdings in shares of Clean Harbors by 10,250.0% during the fourth 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 period. Finally, Prospera Private Wealth LLC bought a new position in shares of Clean Harbors during the third quarter valued at $56,000. 90.43% of the stock is owned by 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.