Clean Harbors, Inc. (NYSE:CLH) Earns Buy Rating from Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Clean Harbors, Inc. (NYSE:CLH) in a research note published on Wednesday, July 19th. They currently have a $67.00 price objective on the business services provider’s stock.

Several other equities analysts also recently weighed in on CLH. Wedbush restated an outperform rating and issued a $63.00 target price 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 target price on the stock in a research report on Tuesday, May 2nd. KeyCorp raised their target price 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 analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $61.27.

Shares of Clean Harbors (NYSE CLH) opened at 53.37 on Wednesday. The company’s market cap is $3.05 billion. Clean Harbors has a 1-year low of $43.03 and a 1-year high of $61.62. The firm has a 50-day moving average price of $55.27 and a 200-day moving average price of $56.42.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.03. The firm had revenue of $752.80 million during the quarter, compared to analysts’ expectations of $735.63 million. Clean Harbors had a negative net margin of 0.65% and a positive return on equity of 0.79%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 EPS. On average, equities analysts expect that Clean Harbors will post $0.67 EPS for the current year.

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In related news, insider David M. Parry sold 4,402 shares of Clean Harbors stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $58.96, for a total value of $259,541.92. Following the completion of the transaction, the insider now directly owns 39,955 shares in the company, valued at $2,355,746.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian P. Weber sold 1,945 shares of Clean Harbors stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $54.06, for a total value of $105,146.70. Following the completion of the transaction, the executive vice president now owns 51,656 shares of the company’s stock, valued at $2,792,523.36. The disclosure for this sale can be found here. Insiders sold 10,418 shares of company stock valued at $605,895 over the last ninety days. Insiders own 9.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in CLH. Green Square Capital LLC increased its stake in shares of Clean Harbors by 8.3% in the second quarter. Green Square Capital LLC now owns 13,692 shares of the business services provider’s stock worth $764,000 after buying an additional 1,053 shares during the period. State Street Corp increased its stake in shares of Clean Harbors by 1.6% in the second quarter. State Street Corp now owns 1,373,858 shares of the business services provider’s stock worth $76,701,000 after buying an additional 21,037 shares during the period. Colonial Trust Advisors increased its stake in shares of Clean Harbors by 8.7% in the second quarter. Colonial Trust Advisors now owns 21,200 shares of the business services provider’s stock worth $1,184,000 after buying an additional 1,692 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Clean Harbors during the second quarter worth about $57,925,000. Finally, Shelton Capital Management acquired a new stake in shares of Clean Harbors during the second quarter worth about $221,000. 95.08% of the stock is 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.