Clean Harbors, Inc. (CLH) Research Coverage Started at Canaccord Genuity
Canaccord Genuity started coverage on shares of Clean Harbors, Inc. (NYSE:CLH) in a research report report published on Tuesday morning. The brokerage issued a hold rating and a $57.00 target price on the stock.
Several other brokerages also recently commented on CLH. Stifel Nicolaus set a $60.00 price objective on shares of Clean Harbors and gave the company a buy rating in a research note on Thursday, December 8th. Needham & Company LLC reaffirmed a buy rating and set a $58.00 price objective (down from $59.00) on shares of Clean Harbors in a research note on Wednesday, October 12th. Zacks Investment Research downgraded shares of Clean Harbors from a hold rating to a sell rating in a research note on Tuesday, October 25th. Barclays PLC downgraded shares of Clean Harbors from an overweight rating to an equal weight rating and decreased their price target for the stock from $57.00 to $49.00 in a research note on Monday, November 7th. Finally, Oppenheimer Holdings, Inc. reissued a hold rating on shares of Clean Harbors in a research note on Wednesday, November 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $54.75.
Clean Harbors (NYSE:CLH) traded up 0.69% during trading on Tuesday, hitting $54.26. 40,586 shares of the company’s stock traded hands. The stock’s market cap is $3.11 billion. Clean Harbors has a 12 month low of $37.09 and a 12 month high of $58.23. The company’s 50 day moving average is $55.30 and its 200-day moving average is $50.31.
Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.33 by $0.17. The firm had revenue of $729.50 million for the quarter, compared to the consensus estimate of $735.91 million. Clean Harbors had a negative net margin of 0.96% and a positive return on equity of 0.75%. The business’s revenue was down 18.3% on a year-over-year basis. During the same period last year, the company posted $0.69 earnings per share. On average, analysts predict that Clean Harbors will post $0.13 earnings per share for the current year.
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In other Clean Harbors news, insider George L. Curtis sold 6,016 shares of the company’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $56.00, for a total value of $336,896.00. Following the sale, the insider now owns 50,116 shares in the company, valued at $2,806,496. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 712 shares of the company’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $56.30, for a total transaction of $40,085.60. Following the completion of the sale, the executive vice president now owns 46,186 shares in the company, valued at approximately $2,600,271.80. The disclosure for this sale can be found here. 9.50% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd boosted its stake in shares of Clean Harbors by 82.4% in the third quarter. Orbis Allan Gray Ltd now owns 1,032,486 shares of the company’s stock worth $49,539,000 after buying an additional 466,371 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Clean Harbors by 70.1% in the third quarter. D.A. Davidson & CO. now owns 4,334 shares of the company’s stock worth $206,000 after buying an additional 1,786 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Clean Harbors by 93.0% in the third quarter. Ameritas Investment Partners Inc. now owns 15,980 shares of the company’s stock worth $767,000 after buying an additional 7,699 shares during the period. Green Square Capital LLC boosted its stake in shares of Clean Harbors by 27.2% in the third quarter. Green Square Capital LLC now owns 12,779 shares of the company’s stock worth $613,000 after buying an additional 2,733 shares during the period. Finally, Capital Research Global Investors boosted its stake in shares of Clean Harbors by 2.3% in the third quarter. Capital Research Global Investors now owns 1,539,500 shares of the company’s stock worth $73,865,000 after buying an additional 34,500 shares during the period. Institutional investors and hedge funds own 93.35% 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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