Clean Harbors (NYSE:CLH) Stock Rating Lowered by Wall Street Zen

Clean Harbors (NYSE:CLH) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

A number of other research firms have also weighed in on CLH. Truist Financial set a $365.00 price target on shares of Clean Harbors in a research report on Thursday. Raymond James Financial restated a “strong-buy” rating on shares of Clean Harbors in a report on Thursday. TD Cowen lifted their price target on Clean Harbors from $390.00 to $395.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. UBS Group upgraded Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $325.00 to $375.00 in a research note on Wednesday, October 21st. Finally, Barclays boosted their price target on shares of Clean Harbors from $335.00 to $338.00 and gave the company an “equal weight” rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $365.29.

Clean Harbors Price Performance

CLH stock opened at $295.73 on Friday. The stock has a market cap of $15.61 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.82 and a beta of 0.87. The company has a current ratio of 1.95, a quick ratio of 1.80 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $315.51 and a two-hundred day moving average price of $297.93. Clean Harbors has a 1 year low of $201.34 and a 1 year high of $335.94.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 28th. The business services provider reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.67. Clean Harbors had a net margin of 8.05% and a return on equity of 18.27%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter in the prior year, the business earned $2.21 earnings per share. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities analysts forecast that Clean Harbors will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Karyn Polito acquired 125 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was bought at an average cost of $314.83 per share, for a total transaction of $39,353.75. Following the completion of the purchase, the director directly owned 4,252 shares in the company, valued at $1,338,657.16. This represents a 3.03% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Clean Harbors

A number of hedge funds have recently made changes to their positions in CLH. WINTON GROUP Ltd bought a new stake in Clean Harbors in the 2nd quarter valued at $2,617,000. Bessemer Group Inc. increased its stake in shares of Clean Harbors by 1.8% in the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock valued at $267,239,000 after buying an additional 16,747 shares during the period. Y.D. More Investments Ltd bought a new stake in Clean Harbors in the 1st quarter valued at about $524,000. Bank of America Corp DE bought a new stake in Clean Harbors during the 2nd quarter worth approximately $142,801,000. Finally, Squarepoint Ops LLC bought a new stake in Clean Harbors in the second quarter worth about $13,751,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Company Profile

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.