Clean Harbors Inc. (CLH) Stock Rating Reaffirmed by Needham & Company LLC
Clean Harbors Inc. (NYSE:CLH)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research note issued to investors on Wednesday. They presently have a $58.00 target price on the stock, down from their prior target price of $59.00. Needham & Company LLC’s price objective would suggest a potential upside of 23.93% from the stock’s previous close.
CLH has been the topic of several other research reports. Zacks Investment Research raised Clean Harbors from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Thursday, July 28th. Macquarie began coverage on Clean Harbors in a research note on Thursday, August 25th. They set a “neutral” rating and a $51.00 target price on the stock. Imperial Capital lifted their target price on Clean Harbors from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Finally, Barclays PLC lowered their target price on Clean Harbors from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Clean Harbors has a consensus rating of “Hold” and a consensus target price of $55.43.
Shares of Clean Harbors (NYSE:CLH) opened at 46.80 on Wednesday. The firm has a 50-day moving average of $47.43 and a 200 day moving average of $49.66. Clean Harbors has a 12 month low of $37.09 and a 12 month high of $54.54. The firm has a market cap of $2.69 billion, a P/E ratio of 113.04 and a beta of 0.81.
Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.08. Clean Harbors had a net margin of 0.81% and a return on equity of 3.74%. The business had revenue of $397.50 million for the quarter, compared to analysts’ expectations of $727.68 million. During the same period last year, the firm earned $0.72 EPS. The company’s revenue was down 25.5% compared to the same quarter last year. On average, equities research analysts anticipate that Clean Harbors will post $0.51 EPS for the current fiscal year.
In related news, EVP Brian P. Weber sold 773 shares of the business’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $46.58, for a total value of $36,006.34. Following the completion of the sale, the executive vice president now directly owns 47,055 shares in the company, valued at approximately $2,191,821.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea Robertson sold 3,608 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $50.85, for a total value of $183,466.80. Following the completion of the sale, the director now owns 15,170 shares of the company’s stock, valued at $771,394.50. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.
Large investors have recently bought and sold shares of the company. Raymond James Trust N.A. raised its stake in Clean Harbors by 8.2% in the third quarter. Raymond James Trust N.A. now owns 6,019 shares of the company’s stock valued at $289,000 after buying an additional 458 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Clean Harbors by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 18,135 shares of the company’s stock valued at $870,000 after buying an additional 361 shares during the period. Mason Street Advisors LLC bought a new stake in Clean Harbors during the second quarter valued at $1,245,000. Royal Bank of Canada raised its stake in Clean Harbors by 1.1% in the second quarter. Royal Bank of Canada now owns 665,493 shares of the company’s stock valued at $34,679,000 after buying an additional 6,935 shares during the period. Finally, Calvert Investment Management Inc. bought a new stake in Clean Harbors during the second quarter valued at $204,000. Hedge funds and other institutional investors own 95.11% of the company’s stock.
Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services. The Company operates in six segments: Technical Services; Industrial and Field Services; Kleen Performance Products; SK Environmental Services; Lodging Services, and Oil and Gas Field Services. Its Technical Services segment involves the collection, transportation, treatment and disposal of hazardous and non-hazardous wastes.
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