Clean Harbors (NYSE:CLH) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of Clean Harbors (NYSE:CLH) from a buy rating to a hold rating in a report issued on Tuesday morning.

CLH has been the subject of a number of other research reports. BMO Capital Markets reduced their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Oppenheimer reduced their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus reduced their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. TD Cowen began coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. Finally, Robert W. Baird reduced their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $270.56.

Clean Harbors Stock Performance

NYSE CLH opened at $214.19 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors has a 52-week low of $180.37 and a 52-week high of $267.11. The business’s 50-day moving average price is $231.95 and its 200 day moving average price is $241.92. The firm has a market cap of $11.54 billion, a P/E ratio of 28.87 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 earnings per share. On average, equities research analysts expect that Clean Harbors will post 7.89 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 924 shares of company stock valued at $219,570 in the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Creative Planning grew its stake in Clean Harbors by 10.8% in the 3rd quarter. Creative Planning now owns 3,147 shares of the business services provider’s stock worth $761,000 after acquiring an additional 308 shares during the period. Blue Trust Inc. grew its stake in Clean Harbors by 19.1% in the 3rd quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock worth $86,000 after acquiring an additional 61 shares during the period. Signaturefd LLC grew its stake in Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after acquiring an additional 52 shares during the period. Private Advisor Group LLC grew its stake in Clean Harbors by 8.0% in the 3rd quarter. Private Advisor Group LLC now owns 1,502 shares of the business services provider’s stock worth $363,000 after acquiring an additional 111 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Clean Harbors in the 3rd quarter worth approximately $31,550,000. 90.43% of the stock is owned by hedge funds and other 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.