Needham & Company LLC reiterated their buy rating on shares of Clean Harbors Inc. (NYSE:CLH) in a research note released on Wednesday morning. They currently have a $58.00 price target on the stock, down from their previous price target of $59.00.
A number of other research analysts have also commented on CLH. Zacks Investment Research upgraded Clean Harbors from a sell rating to a hold rating in a report on Thursday, June 16th. Imperial Capital upped their target price on Clean Harbors from $55.00 to $57.00 and gave the company an outperform rating in a research note on Thursday, August 4th. Barclays PLC cut their target price on Clean Harbors from $58.00 to $57.00 and set an overweight rating for the company in a research note on Tuesday, August 9th. Finally, Macquarie assumed coverage on Clean Harbors in a research note on Thursday, August 25th. They issued a neutral rating and a $51.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $55.43.
Clean Harbors (NYSE:CLH) opened at 46.80 on Wednesday. Clean Harbors has a one year low of $37.09 and a one year high of $54.54. The stock’s 50 day moving average is $47.33 and its 200 day moving average is $49.63. The firm has a market cap of $2.69 billion, a P/E ratio of 113.04 and a beta of 0.81.
Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.08. Clean Harbors had a return on equity of 3.74% and a net margin of 0.81%. The business had revenue of $397.50 million for the quarter, compared to analyst estimates of $727.68 million. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was down 25.5% compared to the same quarter last year. On average, equities research analysts expect that Clean Harbors will post $0.51 earnings per share for the current year.
In other Clean Harbors news, Director Andrea Robertson sold 3,608 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $50.85, for a total value of $183,466.80. Following the sale, the director now directly owns 15,170 shares in the company, valued at $771,394.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Parry sold 4,060 shares of the company’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $47.37, for a total value of $192,322.20. Following the completion of the sale, the insider now owns 45,340 shares in the company, valued at $2,147,755.80. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of Clean Harbors by 4.7% in the first quarter. Wellington Management Group LLP now owns 6,356,415 shares of the company’s stock valued at $313,627,000 after buying an additional 283,509 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Clean Harbors by 6.6% in the second quarter. Vanguard Group Inc. now owns 3,655,970 shares of the company’s stock valued at $190,513,000 after buying an additional 227,880 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Clean Harbors by 20.0% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,000,983 shares of the company’s stock valued at $104,271,000 after buying an additional 333,636 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Clean Harbors by 2.1% in the second quarter. BlackRock Fund Advisors now owns 1,801,117 shares of the company’s stock valued at $93,856,000 after buying an additional 37,807 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Clean Harbors by 12.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,717,810 shares of the company’s stock valued at $89,513,000 after buying an additional 186,113 shares during the last quarter. Institutional investors own 95.08% of the company’s stock.
About Clean Harbors
Clean Harbors, Inc is a provider of environmental, energy and industrial services. The Company operates in six segments: Technical Services; Industrial and Field Services; Kleen Performance Products; SK Environmental Services; Lodging Services, and Oil and Gas Field Services. Its Technical Services segment involves the collection, transportation, treatment and disposal of hazardous and non-hazardous wastes.
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