Clean Harbors, Inc. (CLH) Earns “Hold” Rating from Canaccord Genuity
Clean Harbors, Inc. (NYSE:CLH)‘s stock had its “hold” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Wednesday. They presently have a $57.00 price target on the business services provider’s stock. Canaccord Genuity’s price target would suggest a potential upside of 6.05% from the stock’s current price.
A number of other equities research analysts also recently commented on CLH. Wedbush reiterated an “outperform” rating and set a $63.00 price objective on shares of Clean Harbors in a research report on Tuesday, April 11th. Zacks Investment Research upgraded Clean Harbors from a “strong sell” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Tuesday, May 2nd. KeyCorp increased their price objective on Clean Harbors from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, May 23rd. ValuEngine upgraded Clean Harbors from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub downgraded Clean Harbors from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $61.27.
Clean Harbors (NYSE:CLH) traded down 1.29% during trading on Wednesday, reaching $53.75. The company had a trading volume of 182,159 shares. Clean Harbors has a 52-week low of $43.03 and a 52-week high of $61.62. The firm’s market capitalization is $3.07 billion. The company has a 50-day moving average of $55.93 and a 200-day moving average of $56.45.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.03. Clean Harbors had a negative net margin of 0.65% and a positive return on equity of 0.79%. The company had revenue of $752.80 million for the quarter, compared to analyst estimates of $735.63 million. During the same quarter last year, the company posted $0.15 EPS. Clean Harbors’s revenue was up 7.9% on a year-over-year basis. Analysts expect that Clean Harbors will post $0.67 EPS for the current fiscal year.
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In other Clean Harbors news, EVP Michael J. Twohig sold 4,071 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $59.25, for a total transaction of $241,206.75. Following the sale, the executive vice president now directly owns 30,854 shares of the company’s stock, valued at approximately $1,828,099.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David M. Parry sold 4,402 shares of the business’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $58.96, for a total transaction of $259,541.92. Following the sale, the insider now directly owns 39,955 shares in the company, valued at $2,355,746.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,418 shares of company stock worth $605,895. Company insiders own 9.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Clean Harbors by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,043 shares of the business services provider’s stock valued at $471,000 after buying an additional 61 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Clean Harbors by 77.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,517 shares of the business services provider’s stock worth $755,000 after buying an additional 5,903 shares during the period. Sawtooth Solutions LLC increased its position in Clean Harbors by 5.9% in the second quarter. Sawtooth Solutions LLC now owns 4,501 shares of the business services provider’s stock worth $251,000 after buying an additional 252 shares during the period. Oppenheimer Asset Management Inc. increased its position in Clean Harbors by 6.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 164,993 shares of the business services provider’s stock worth $9,211,000 after buying an additional 9,490 shares during the period. Finally, Swiss National Bank increased its position in Clean Harbors by 1.6% in the second quarter. Swiss National Bank now owns 91,200 shares of the business services provider’s stock worth $5,092,000 after buying an additional 1,400 shares during the period. 95.74% of the stock is currently owned by institutional investors.
Clean Harbors Company Profile
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.
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