Shares of Clean Harbors, Inc. (NYSE: CLH – Get a rating) received a consensus “Buy” recommendation by the nine research companies that cover the business, reports MarketBeat.com. One equity research analyst rated the stock with a hold recommendation, six gave the company a buy recommendation and one gave the company a strong buy recommendation. The 1-year average target price among brokerages that have covered the stock over the past year is $126.88.
A number of analysts have recently released reports on the stock. Robert W. Baird raised his price target on Clean Harbors shares from $128.00 to $131.00 in a Thursday, May 5 research note. Goldman Sachs Group upgraded shares of Clean Harbors from a “sell” rating to a “neutral” rating and raised its price target for the stock from $95.00 to $120.00 in a research note Monday, April 4. StockNews.com cut shares of Clean Harbors from a “strong buy” rating to a “buy” rating in a Friday, May 13 research note. Raymond James raised his price target on Clean Harbors shares from $125.00 to $130.00 and gave the company a “strong buy” rating in a Friday, April 22 research report. Finally, DA Davidson began covering Clean Harbors stocks in a research report on Wednesday, March 30. They issued a “buy” rating and a target price of $130.00 for the company.
Own port storage up 1.4%
Shares of Clean Harbors opened at $86.76 on Friday. The company has a market capitalization of $4.72 billion, a P/E ratio of 20.91 and a beta of 1.54. Clean Harbors has a 1-year low of $81.56 and a 1-year high of $118.89. The company has a fifty-day simple moving average of $89.30 and a 200-day simple moving average of $96.85. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt ratio of 1.58.
Clean Harbors (NYSE: CLH- Get a rating) last reported quarterly earnings data on Wednesday, May 4. The business services provider reported EPS of $0.83 for the quarter, beating consensus analyst estimates of $0.63 by $0.20. Clean Harbors had a net margin of 5.44% and a return on equity of 14.82%. The company posted revenue of $1.17 billion in the quarter, versus a consensus estimate of $1.07 billion. In the same quarter last year, the company posted EPS of $0.42. The company’s quarterly revenue increased 44.7% year over year. Research analysts expect Clean Harbors to post earnings per share of 4.44 for the current fiscal year.
Insider Trading at Clean Harbors
In other news, Director Lawrence States sold 750 shares of the company in a trade that took place on Tuesday, May 10. The shares were sold at an average price of $90.68, for a total value of $68,010.00. Following the transaction, the administrator now owns 12,332 shares of the company, valued at approximately $1,118,265.76. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. In other Clean Harbors news, CFO Michael Louis Battles acquired 2,000 shares in a transaction on Thursday, May 12. The shares were purchased at an average price of $88.35 per share, for a total transaction of $176,700.00. Following the completion of the acquisition, the CFO now owns 70,440 shares of the company, valued at approximately $6,223,374. The acquisition was disclosed in a legal filing with the SEC, available at this hyperlink. Also, director Lawrence States sold 750 shares of the company in a trade on Tuesday, May 10. The stock was sold at an average price of $90.68, for a total transaction of $68,010.00. Following the transaction, the administrator now owns 12,332 shares of the company, valued at approximately $1,118,265.76. Disclosure of this sale can be found here. Company insiders hold 6.60% of the company’s shares.
Institutional entries and exits
Several institutional investors have recently bought and sold shares of CLH. Commonwealth Equity Services LLC increased its stake in Clean Harbors shares by 3.7% in Q4. Commonwealth Equity Services LLC now owns 3,263 shares of the business services provider worth $325,000 after acquiring 115 additional shares in the last quarter. Quent Capital LLC increased its position in Clean Harbors by 24.4% during the first quarter. Quent Capital LLC now owns 623 shares of the business services provider valued at $70,000 after purchasing an additional 122 shares during the period. Stephens Inc. AR increased its position in Clean Harbors by 5.3% during the fourth quarter. Stephens Inc. AR now owns 2,555 shares of the business services provider valued at $255,000 after purchasing an additional 128 shares during the period. Los Angeles Capital Management LLC increased its position in Clean Harbors by 1.1% during the first quarter. Los Angeles Capital Management LLC now owns 12,451 shares of the business services provider valued at $1,390,000 after purchasing an additional 140 shares during the period. Finally, MAI Capital Management increased its position in Clean Harbors by 9.9% during the fourth quarter. MAI Capital Management now owns 2,137 shares of the business services provider valued at $213,000 after buying an additional 192 shares during the period. Institutional investors and hedge funds hold 86.53% of the company’s shares.
Clean Harbors Company Profile
Clean Harbors, Inc provides environmental and industrial services in North America. The Company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats and disposes of hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill, sewage treatment, l laboratory chemical disposal and explosives management services; and CleanPack services, including the collection, identification, categorization, specialized packaging, transport and disposal of laboratory chemicals and household hazardous waste.
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