Clean Harbors, Inc. (CLH) Lifted to “Market Perform” at Raymond James Financial, Inc.
Raymond James Financial, Inc. upgraded shares of Clean Harbors, Inc. (NYSE:CLH) from an underperform rating to a market perform rating in a report released on Thursday, Marketbeat.com reports.
Several other equities research analysts have also recently commented on CLH. Needham & Company LLC reaffirmed a buy rating and set a $66.00 price objective on shares of Clean Harbors in a research report on Thursday, July 13th. Stifel Nicolaus reaffirmed a buy rating and set a $67.00 price objective on shares of Clean Harbors in a research report on Wednesday, July 19th. BidaskClub cut Clean Harbors from a sell rating to a strong sell rating in a research report on Wednesday, August 2nd. Barclays PLC raised Clean Harbors from an underweight rating to an equal weight rating and set a $50.00 price objective on the stock in a research report on Monday, August 7th. Finally, Canaccord Genuity reaffirmed a hold rating and set a $57.00 price objective on shares of Clean Harbors in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $61.00.
Clean Harbors (NYSE CLH) traded down $0.18 during trading on Thursday, hitting $53.24. The company had a trading volume of 347,192 shares, compared to its average volume of 286,639. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.19 and a quick ratio of 1.72. Clean Harbors has a 12 month low of $43.13 and a 12 month high of $61.62. The stock has a market capitalization of $3,031.11, a PE ratio of 266.20 and a beta of 1.04.
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Clean Harbors declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 1st that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other Clean Harbors news, SVP Eric J. Dugas sold 933 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $54.67, for a total value of $51,007.11. Following the transaction, the senior vice president now directly owns 14,766 shares of the company’s stock, valued at $807,257.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eric W. Gerstenberg sold 4,667 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $50.42, for a total value of $235,310.14. Following the completion of the transaction, the chief operating officer now directly owns 91,950 shares in the company, valued at approximately $4,636,119. The disclosure for this sale can be found here. Insiders sold 6,090 shares of company stock worth $313,845 over the last three months. Insiders own 8.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Clean Harbors by 117.6% in the second quarter. SG Americas Securities LLC now owns 21,152 shares of the business services provider’s stock worth $1,181,000 after buying an additional 11,431 shares during the period. Rhumbline Advisers raised its stake in shares of Clean Harbors by 4.4% in the second quarter. Rhumbline Advisers now owns 100,156 shares of the business services provider’s stock worth $5,592,000 after buying an additional 4,215 shares during the period. Janus Henderson Group PLC bought a new position in shares of Clean Harbors in the second quarter worth about $57,925,000. Oppenheimer Asset Management Inc. raised its stake in shares of 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, Goldman Sachs Group Inc. raised its stake in shares of Clean Harbors by 39.0% in the second quarter. Goldman Sachs Group Inc. now owns 478,318 shares of the business services provider’s stock worth $26,705,000 after buying an additional 134,263 shares during the period. 94.14% of the stock is currently owned by hedge funds and other 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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