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

StockNews.com lowered shares of Clean Harbors (NYSE:CLH) from a buy rating to a hold rating in a research report report published on Tuesday.

A number of other brokerages also recently issued reports on CLH. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. BMO Capital Markets decreased 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. TD Cowen began coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Robert W. Baird decreased their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Oppenheimer lowered their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $270.56.

Clean Harbors Stock Performance

NYSE:CLH opened at $210.34 on Tuesday. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 28.35 and a beta of 1.24. 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 company has a fifty day simple moving average of $231.04 and a two-hundred day simple moving average of $241.50.

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

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the transaction, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. The trade was a 2.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 924 shares of company stock valued at $219,570 in the last three months. 5.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Carolinas Wealth Consulting LLC boosted its stake in shares of Clean Harbors by 2,800.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider’s stock worth $60,000 after buying an additional 252 shares during the period. Armis Advisers LLC acquired a new stake in Clean Harbors during the 4th quarter worth approximately $327,000. Putney Financial Group LLC purchased a new position in shares of Clean Harbors in the 4th quarter valued at approximately $511,000. Toronto Dominion Bank acquired a new position in shares of Clean Harbors in the fourth quarter valued at approximately $3,295,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Clean Harbors by 0.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 395,276 shares of the business services provider’s stock worth $90,969,000 after purchasing an additional 3,284 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

About Clean Harbors

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.