Clean Harbors (CLH) Given Consensus Recommendation of “Hold” by Brokerages

Clean Harbors (NYSE:CLH) has been given an average rating of “Hold” by the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $57.50.

Several equities research analysts have recently weighed in on CLH shares. Zacks Investment Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. UBS started coverage on Clean Harbors in a research report on Wednesday, March 14th. They issued a “sell” rating and a $49.00 target price for the company. Canaccord Genuity reaffirmed a “hold” rating and issued a $57.00 target price on shares of Clean Harbors in a research report on Thursday, January 18th. ValuEngine downgraded Clean Harbors from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $65.00 target price (down previously from $70.00) on shares of Clean Harbors in a research report on Thursday, March 1st.

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In related news, insider Alan S. Mckim sold 42,666 shares of the stock in a transaction dated Thursday, March 22nd. The stock was sold at an average price of $51.45, for a total value of $2,195,165.70. Following the completion of the transaction, the insider now owns 4,056,609 shares of the company’s stock, valued at $208,712,533.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark G. Bouldin sold 703 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $47.62, for a total value of $33,476.86. Following the completion of the transaction, the executive vice president now directly owns 17,744 shares of the company’s stock, valued at approximately $844,969.28. The disclosure for this sale can be found here. Insiders sold 48,369 shares of company stock valued at $2,483,293 in the last three months. 8.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CLH. TimesSquare Capital Management LLC boosted its holdings in Clean Harbors by 87.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,790,535 shares of the business services provider’s stock valued at $97,047,000 after purchasing an additional 836,475 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Clean Harbors by 22.2% during the 4th quarter. Renaissance Technologies LLC now owns 1,197,102 shares of the business services provider’s stock worth $64,883,000 after buying an additional 217,102 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in Clean Harbors by 8.1% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,825,653 shares of the business services provider’s stock worth $153,150,000 after buying an additional 212,118 shares during the last quarter. Deutsche Bank AG lifted its holdings in Clean Harbors by 1,451.7% during the 4th quarter. Deutsche Bank AG now owns 223,870 shares of the business services provider’s stock worth $12,130,000 after buying an additional 209,443 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Clean Harbors by 60.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 550,249 shares of the business services provider’s stock worth $29,823,000 after buying an additional 208,327 shares during the last quarter. 93.74% of the stock is owned by hedge funds and other institutional investors.

NYSE:CLH traded up $0.43 on Wednesday, hitting $49.15. 148,909 shares of the stock were exchanged, compared to its average volume of 347,727. The firm has a market capitalization of $2,745.10, a PE ratio of 148.85 and a beta of 1.01. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.29 and a quick ratio of 1.94. Clean Harbors has a fifty-two week low of $46.62 and a fifty-two week high of $61.62.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 28th. The business services provider reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.13). Clean Harbors had a return on equity of 1.36% and a net margin of 3.42%. The firm had revenue of $747.40 million for the quarter, compared to analyst estimates of $720.50 million. During the same quarter in the prior year, the company earned ($0.06) earnings per share. The business’s revenue was up 8.0% compared to the same quarter last year. research analysts anticipate that Clean Harbors will post 0.71 earnings per share for the current year.

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Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.

Analyst Recommendations for Clean Harbors (NYSE:CLH)

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