Clean Harbors Inc. (NYSE:CLH)‘s stock had its “hold” rating reiterated by equities researchers at Oppenheimer Holdings Inc. in a research report issued on Wednesday.
CLH has been the topic of a number of other research reports. Zacks Investment Research upgraded Clean Harbors from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Thursday, July 28th. Macquarie assumed coverage on Clean Harbors in a research report on Thursday, August 25th. They issued a “neutral” rating and a $51.00 price objective on the stock. Imperial Capital increased their price objective on Clean Harbors from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Barclays PLC lowered their price objective on Clean Harbors from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $58.00 price objective (down previously from $59.00) on shares of Clean Harbors in a research report on Wednesday, October 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $53.71.
Shares of Clean Harbors (NYSE:CLH) traded up 1.15% on Wednesday, hitting $51.76. 161,068 shares of the stock traded hands. Clean Harbors has a one year low of $37.09 and a one year high of $54.54. The stock’s market cap is $2.97 billion. The company’s 50 day moving average is $47.21 and its 200 day moving average is $49.32.
Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, November 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.17. The company had revenue of $729.50 million for the quarter, compared to analysts’ expectations of $735.91 million. Clean Harbors had a positive return on equity of 0.75% and a negative net margin of 0.96%. The company’s revenue was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. On average, equities analysts forecast that Clean Harbors will post $0.14 EPS for the current year.
In related news, CFO Michael Louis Battles acquired 1,000 shares of Clean Harbors stock in a transaction dated Friday, November 4th. The shares were purchased at an average cost of $44.15 per share, with a total value of $44,150.00. Following the completion of the purchase, the chief financial officer now owns 36,173 shares of the company’s stock, valued at $1,597,037.95. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David M. Parry sold 4,060 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $47.37, for a total value of $192,322.20. Following the transaction, the insider now directly owns 45,340 shares in the company, valued at $2,147,755.80. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of Clean Harbors by 1.1% in the second quarter. Royal Bank of Canada now owns 665,493 shares of the company’s stock worth $34,679,000 after buying an additional 6,935 shares during the period. Hermes Investment Management Ltd. boosted its position in shares of Clean Harbors by 17.4% in the second quarter. Hermes Investment Management Ltd. now owns 641,671 shares of the company’s stock worth $33,437,000 after buying an additional 95,024 shares during the period. Renaissance Technologies LLC boosted its position in shares of Clean Harbors by 2.6% in the first quarter. Renaissance Technologies LLC now owns 587,502 shares of the company’s stock worth $28,987,000 after buying an additional 14,612 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Clean Harbors by 8.3% in the second quarter. Nisa Investment Advisors LLC now owns 26,020 shares of the company’s stock worth $1,356,000 after buying an additional 2,000 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Clean Harbors by 11.4% in the first quarter. Prudential Financial Inc. now owns 35,483 shares of the company’s stock worth $1,751,000 after buying an additional 3,640 shares during the period. 95.80% of the stock is currently owned by hedge funds and other institutional investors.
Clean Harbors Company Profile