The Clean Harbors Inc (CLH) Receives Consensus Rating of “Hold” from Analysts

The Clean Harbors Inc (CLH) Receives Consensus Rating of “Hold” from Analysts

Several equities analysts have commented on CLH shares. Zacks Investment Research upgraded shares of Clean Harbors from a “strong sell” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Tuesday, May 2nd. CIBC upgraded shares of Clean Harbors from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 16th. Oppenheimer Holdings Inc. upgraded shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Thursday, March 16th. Wedbush restated an “outperform” rating and issued a $63.00 price target on shares of Clean Harbors in a research note on Tuesday, April 11th. Finally, Goldman Sachs Group Inc started coverage on shares of Clean Harbors in a research note on Friday, March 3rd. They issued a “neutral” rating and a $60.00 price target on the stock.

Clean Harbors Inc (NYSE:CLH) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $59.40.

In other Clean Harbors news, EVP Brian P. Weber sold 1,021 shares of the stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $50.03, for a total transaction of $51,080.63. Following the sale, the executive vice president now directly owns 42,114 shares in the company, valued at $2,106,963.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael J. Twohig sold 4,071 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $59.25, for a total transaction of $241,206.75. Following the sale, the executive vice president now owns 30,854 shares in the company, valued at $1,828,099.50. The disclosure for this sale can be found here. Insiders have sold 116,059 shares of company stock worth $6,603,395 over the last quarter. Corporate insiders own 9.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Clean Harbors during the fourth quarter worth approximately $35,686,000. UBS Asset Management Americas Inc. boosted its position in Clean Harbors by 1.7% in the third quarter. UBS Asset Management Americas Inc. now owns 52,880 shares of the business services provider’s stock worth $2,538,000 after buying an additional 888 shares during the period. Turtle Creek Asset Management Inc. boosted its position in Clean Harbors by 16.1% in the third quarter. Turtle Creek Asset Management Inc. now owns 549,640 shares of the business services provider’s stock worth $26,372,000 after buying an additional 76,400 shares during the period. Hermes Investment Management Ltd. boosted its position in Clean Harbors by 4.0% in the third quarter. Hermes Investment Management Ltd. now owns 667,026 shares of the business services provider’s stock worth $32,004,000 after buying an additional 25,355 shares during the period. Finally, SFE Investment Counsel boosted its position in Clean Harbors by 2.2% in the first quarter. SFE Investment Counsel now owns 28,268 shares of the business services provider’s stock worth $1,572,000 after buying an additional 596 shares during the period. 91.42% of the stock is owned by hedge funds and other institutional investors. Shares of Clean Harbors (NYSE CLH) opened at 59.33 on Monday. The firm’s market capitalization is $3.39 billion. Clean Harbors has a 52-week low of $43.03 and a 52-week high of $61.62. The firm has a 50-day moving average of $58.45 and a 200 day moving average of $55.85.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 3rd. The business services provider reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.01. Clean Harbors had a negative net margin of 0.96% and a positive return on equity of 0.75%. The company had revenue of $688.90 million during the quarter, compared to analyst estimates of $662.27 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. Clean Harbors’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts predict that Clean Harbors will post $0.71 EPS for the current year. About Clean Harbors

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CLH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”}); Receive News & Ratings for Clean Harbors Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Clean Harbors Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CLH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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