Clean Harbors, Inc. (NYSE:CLH) was upgraded by Barclays PLC from an “underweight” rating to an “equal weight” rating in a report issued on Monday. The firm presently has a $50.00 target price on the business services provider’s stock. Barclays PLC’s target price indicates a potential downside of 7.70% from the stock’s current price.

Several other research firms have also issued reports on CLH. ValuEngine upgraded shares of Clean Harbors from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. KeyCorp upped their target price on shares of Clean Harbors from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 23rd. Wedbush reiterated an “outperform” rating and issued a $63.00 target price on shares of Clean Harbors in a research note on Tuesday, April 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 target price on shares of Clean Harbors in a research note on Wednesday, July 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $61.27.

Shares of Clean Harbors (NYSE:CLH) opened at 54.17 on Monday. Clean Harbors has a 52 week low of $43.03 and a 52 week high of $61.62. The firm’s market cap is $3.10 billion. The firm has a 50-day moving average of $55.93 and a 200-day moving average of $56.45.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Clean Harbors had a positive return on equity of 0.79% and a negative net margin of 0.65%. The firm had revenue of $752.80 million during the quarter, compared to the consensus estimate of $735.63 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. On average, analysts expect that Clean Harbors will post $0.67 EPS for the current year.

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In other Clean Harbors news, EVP Michael J. Twohig sold 4,071 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $59.25, for a total transaction of $241,206.75. Following the sale, the executive vice president now directly owns 30,854 shares of the company’s stock, valued at $1,828,099.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 1,945 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $54.06, for a total transaction of $105,146.70. Following the sale, the executive vice president now directly owns 51,656 shares in the company, valued at $2,792,523.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,418 shares of company stock valued at $605,895. 9.50% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in CLH. Federated Investors Inc. PA increased its stake in Clean Harbors by 21.9% in the second quarter. Federated Investors Inc. PA now owns 23,968 shares of the business services provider’s stock valued at $1,338,000 after buying an additional 4,299 shares during the period. Sicart Associates LLC increased its stake in Clean Harbors by 0.3% in the second quarter. Sicart Associates LLC now owns 47,950 shares of the business services provider’s stock valued at $2,677,000 after buying an additional 150 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Clean Harbors by 0.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 77,288 shares of the business services provider’s stock valued at $4,315,000 after buying an additional 194 shares during the period. BNP Paribas Arbitrage SA increased its stake in Clean Harbors by 64.9% in the second quarter. BNP Paribas Arbitrage SA now owns 22,008 shares of the business services provider’s stock valued at $1,229,000 after buying an additional 8,663 shares during the period. Finally, Bernzott Capital Advisors increased its stake in Clean Harbors by 4.0% in the second quarter. Bernzott Capital Advisors now owns 205,787 shares of the business services provider’s stock valued at $11,489,000 after buying an additional 7,875 shares during the period. 95.74% 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.

Analyst Recommendations for Clean Harbors (NYSE:CLH)

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