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

Wall Street Zen upgraded shares of Clean Harbors (NYSE:CLH) from a buy rating to a strong-buy rating in a report released on Saturday,Wall Street Zen reports.

Several other equities research analysts have also weighed in on CLH. Raymond James Financial reissued a “strong-buy” rating and issued a $375.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. 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. Citigroup increased their target price on shares of Clean Harbors from $376.00 to $378.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Weiss Ratings upgraded shares of Clean Harbors from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 24th. Finally, Barclays lifted their target price on shares of Clean Harbors from $325.00 to $335.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $363.07.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $316.98 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $317.03 and a two-hundred day simple moving average of $296.52. Clean Harbors has a 1-year low of $201.34 and a 1-year high of $335.94. The firm has a market cap of $16.73 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 1.85 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company posted $2.36 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis. Analysts anticipate that Clean Harbors will post 9.94 earnings per share for the current year.

Insider Activity

In related news, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the transaction, the director owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the sale, the chief executive officer directly owned 56,793 shares in the company, valued at $18,249,862.62. This trade represents a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. grew its position in shares of Clean Harbors by 3.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 3,041 shares of the business services provider’s stock valued at $943,000 after purchasing an additional 100 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Clean Harbors in the third quarter worth $239,000. Swmg LLC boosted its stake in Clean Harbors by 7.3% during the third 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 period. Robeco Schweiz AG boosted its stake 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 valued at $5,455,000 after buying an additional 8,083 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in shares of Clean Harbors by 137.4% during 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 acquiring an additional 956 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

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.