Clean Harbors (CLH) Earns “Buy” Rating from Needham & Company LLC
Needham & Company LLC reiterated their buy rating on shares of Clean Harbors (NYSE:CLH) in a report issued on Thursday morning, Marketbeat Ratings reports. Needham & Company LLC currently has a $63.00 price objective on the business services provider’s stock, down from their previous price objective of $66.00.
A number of other equities research analysts also recently weighed in on the company. UBS Group downgraded Clean Harbors from an outperform rating to a market perform rating in a research report on Thursday. ValuEngine downgraded Clean Harbors from a hold rating to a sell rating in a report on Tuesday, February 27th. Canaccord Genuity reiterated a hold rating and issued a $57.00 price objective on shares of Clean Harbors in a report on Thursday, January 18th. Zacks Investment Research upgraded Clean Harbors from a strong sell rating to a hold rating in a report on Tuesday, January 2nd. Finally, Oppenheimer decreased their price objective on Clean Harbors from $67.00 to $62.00 and set an outperform rating on the stock in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Clean Harbors has a consensus rating of Hold and an average price target of $59.89.
Shares of Clean Harbors (CLH) opened at $49.36 on Thursday. Clean Harbors has a 12-month low of $46.62 and a 12-month high of $61.62. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.94 and a current ratio of 2.29. The firm has a market capitalization of $2,789.17, a PE ratio of 182.82 and a beta of 1.08.
In other news, EVP Brian P. Weber sold 1,870 shares of Clean Harbors stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $53.00, for a total value of $99,110.00. Following the transaction, the executive vice president now owns 57,205 shares in the company, valued at $3,031,865. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Eric W. Gerstenberg sold 7,150 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $52.77, for a total value of $377,305.50. Following the transaction, the chief operating officer now owns 86,202 shares in the company, valued at approximately $4,548,879.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,345 shares of company stock worth $493,517. Company insiders own 8.90% of the company’s stock.
A number of large investors have recently made changes to their positions in CLH. Wells Fargo & Company MN increased its holdings in Clean Harbors by 7.3% during the 2nd quarter. Wells Fargo & Company MN now owns 18,818 shares of the business services provider’s stock valued at $1,051,000 after purchasing an additional 1,274 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Clean Harbors by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 76,572 shares of the business services provider’s stock valued at $4,276,000 after purchasing an additional 1,089 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Clean Harbors by 23.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 26,830 shares of the business services provider’s stock valued at $1,498,000 after purchasing an additional 5,034 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Clean Harbors during the 3rd quarter valued at about $304,000. Finally, Parametrica Management Ltd purchased a new position in Clean Harbors during the 3rd quarter valued at about $325,000. Institutional investors own 92.09% of the company’s stock.
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About Clean Harbors
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.
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