Clean Harbors (NYSE:CLH) Stock Rating Lowered by StockNews.com

Clean Harbors (NYSE:CLH) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Several other analysts also recently issued reports on the stock. Robert W. Baird decreased their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. The Goldman Sachs Group reduced their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Truist Financial lowered their price target on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, TD Cowen initiated coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $266.56.

Clean Harbors Trading Up 1.8 %

Shares of NYSE:CLH traded up $3.55 during trading on Tuesday, hitting $200.65. The company had a trading volume of 500,599 shares, compared to its average volume of 327,520. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 27.04 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a fifty day simple moving average of $215.05 and a two-hundred day simple moving average of $234.76. Clean Harbors has a one year low of $186.54 and a one year high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned $1.82 earnings per share. Clean Harbors’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Clean Harbors will post 7.89 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric J. Dugas acquired 1,050 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 3,341 shares of company stock valued at $663,041 in the last 90 days. Insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CLH. Reliant Investment Management LLC purchased a new stake in shares of Clean Harbors during the fourth quarter valued at $4,386,000. Fiduciary Alliance LLC purchased a new stake in Clean Harbors during the 4th quarter valued at about $846,000. Mountain Pacific Investment Advisers LLC increased its holdings in shares of Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after purchasing an additional 4,240 shares during the period. Barclays PLC raised its stake in shares of Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after purchasing an additional 8,639 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Clean Harbors by 1.5% during the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock worth $365,070,000 after purchasing an additional 21,662 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

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.