Clean Harbors (NYSE:CLH) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Clean Harbors from “buy” to “strong-buy.” The stock has a consensus “Moderate Buy” rating and an average price target of $363.07.
• Clean Harbors reported quarterly adjusted earnings of $3.22 per share, exceeding estimates by $0.41, while revenue rose 11.9% year over year to $1.74 billion.
• Shares opened at $319.02, down 0.6%, while recent insider transactions included stock sales by a director and the CEO; institutional investors own 90.43% of the company.

Clean Harbors (NYSE:CLH - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

CLH has been the subject of several other research reports. Raymond James Financial restated a "strong-buy" rating and set a $375.00 price objective on shares of Clean Harbors in a research report on Thursday, July 30th. William Blair cut shares of Clean Harbors from an "outperform" rating to a "hold" rating in a research report on Wednesday. BMO Capital Markets reaffirmed an "outperform" rating and set a $364.00 price objective on shares of Clean Harbors in a report on Thursday, October 15th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Clean Harbors in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company lifted their target price on shares of Clean Harbors from $313.00 to $349.00 and gave the company an "equal weight" rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $363.07.

Clean Harbors Stock Down 0.6%

Shares of NYSE CLH opened at $319.02 on Friday. The business has a 50-day moving average of $317.02 and a two-hundred day moving average of $305.38. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 38.72, a price-to-earnings-growth ratio of 1.87 and a beta of 0.87. Clean Harbors has a 1 year low of $201.34 and a 1 year high of $335.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.41. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%. The business's quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the company earned $2.36 EPS. On average, analysts forecast that Clean Harbors will post 9.94 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the sale, the director owned 8,979 shares in the company, valued at approximately $2,819,495.79. This represents a 8.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric Gerstenberg sold 2,500 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the sale, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. This trade represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.00% of the company's stock.

Institutional Investors Weigh In On Clean Harbors

Large investors have recently made changes to their positions in the business. Swmg LLC raised its position in Clean Harbors by 7.3% in the 3rd quarter. Swmg LLC now owns 915 shares of the business services provider's stock valued at $294,000 after buying an additional 62 shares during the last quarter. Robeco Schweiz AG lifted its position in Clean Harbors by 85.1% during the third quarter. Robeco Schweiz AG now owns 17,583 shares of the business services provider's stock worth $5,455,000 after acquiring an additional 8,083 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in Clean Harbors by 137.4% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,652 shares of the business services provider's stock valued at $512,000 after buying an additional 956 shares in the last quarter. Evergreen Capital Management LLC grew its position in Clean Harbors by 2.4% during the third quarter. Evergreen Capital Management LLC now owns 2,271 shares of the business services provider's stock worth $705,000 after buying an additional 54 shares in the last quarter. Finally, RWC Asset Management LLP grew its holdings in shares of Clean Harbors by 3.4% during the 3rd quarter. RWC Asset Management LLP now owns 2,403 shares of the business services provider's stock worth $745,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.

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