Shares of Clean Harbors Inc (NYSE:CLH) have received a consensus recommendation of “Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $76.83.
Several analysts have issued reports on CLH shares. BMO Capital Markets boosted their price objective on Clean Harbors from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Needham & Company LLC restated a “buy” rating and set a $72.00 price target on shares of Clean Harbors in a report on Wednesday, August 5th. Finally, Stifel Nicolaus raised their price objective on shares of Clean Harbors from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th.
In related news, CEO Alan S. Mckim sold 27,404 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $65.36, for a total value of $1,791,125.44. Following the completion of the sale, the chief executive officer now owns 3,390,542 shares of the company’s stock, valued at approximately $221,605,825.12. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Alan S. Mckim sold 31,296 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $64.33, for a total value of $2,013,271.68. Following the completion of the transaction, the chief executive officer now owns 3,333,042 shares in the company, valued at approximately $214,414,591.86. The disclosure for this sale can be found here. Insiders have sold 78,979 shares of company stock worth $5,056,017 over the last ninety days. 8.10% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its holdings in shares of Clean Harbors by 133.8% during the 1st quarter. Van ECK Associates Corp now owns 31,699 shares of the business services provider’s stock valued at $1,627,000 after purchasing an additional 18,138 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Clean Harbors by 4.3% in the first quarter. Two Sigma Advisers LP now owns 81,900 shares of the business services provider’s stock worth $4,205,000 after buying an additional 3,400 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Clean Harbors by 2.9% in the first quarter. Legal & General Group Plc now owns 142,612 shares of the business services provider’s stock worth $7,321,000 after buying an additional 4,015 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Clean Harbors by 4.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 175,429 shares of the business services provider’s stock worth $10,522,000 after acquiring an additional 6,724 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Clean Harbors by 50.5% in the 1st quarter. Nuveen Asset Management LLC now owns 322,448 shares of the business services provider’s stock valued at $16,555,000 after acquiring an additional 108,142 shares in the last quarter. 89.61% of the stock is owned by institutional investors.
Clean Harbors stock opened at $57.88 on Friday. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 31.98 and a beta of 1.50. Clean Harbors has a 1 year low of $29.45 and a 1 year high of $88.40. The firm’s 50 day moving average price is $58.50 and its two-hundred day moving average price is $56.55. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.00 and a current ratio of 2.37.
Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, August 5th. The business services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.51. Clean Harbors had a return on equity of 8.73% and a net margin of 3.04%. The business had revenue of $710.00 million during the quarter, compared to analyst estimates of $689.75 million. During the same period last year, the company posted $0.65 EPS. The company’s revenue was down 18.3% compared to the same quarter last year. As a group, equities analysts predict that Clean Harbors will post 1.38 EPS for the current fiscal year.
About Clean Harbors
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.
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