Clean Harbors Inc (NYSE:CLH) has received a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $60.50.
Several equities analysts have recently commented on the stock. ValuEngine downgraded shares of Clean Harbors from a “hold” rating to a “sell” rating in a report on Tuesday. KeyCorp reissued a “hold” rating on shares of Clean Harbors in a report on Wednesday, November 1st. Oppenheimer lowered their target price on shares of Clean Harbors from $67.00 to $62.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Raymond James Financial upgraded shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Finally, UBS Group upgraded shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd.
In related news, EVP Brian P. Weber sold 1,870 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $53.00, for a total value of $99,110.00. Following the sale, the executive vice president now owns 57,205 shares in the company, valued at $3,031,865. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eric W. Gerstenberg sold 7,150 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $52.77, for a total transaction of $377,305.50. Following the completion of the sale, the chief operating officer now owns 86,202 shares in the company, valued at approximately $4,548,879.54. The disclosure for this sale can be found here. Insiders sold 10,484 shares of company stock worth $554,180 in the last 90 days. 8.90% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. increased its position in Clean Harbors by 96.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,277 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 1,117 shares during the last quarter. Assetmark Inc. bought a new position in Clean Harbors during the fourth quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Clean Harbors by 49.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,120 shares of the business services provider’s stock valued at $169,000 after acquiring an additional 1,039 shares during the last quarter. Zions Bancorporation bought a new position in Clean Harbors during the third quarter valued at $189,000. Finally, Stifel Financial Corp bought a new position in Clean Harbors during the third quarter valued at $211,000. Institutional investors and hedge funds own 89.46% of the company’s stock.
Clean Harbors (NYSE:CLH) traded down $0.56 during mid-day trading on Tuesday, hitting $50.50. 90,198 shares of the stock traded hands, compared to its average volume of 307,030. Clean Harbors has a 1 year low of $47.95 and a 1 year high of $61.62. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.19 and a quick ratio of 1.86. The stock has a market capitalization of $2,911.01, a P/E ratio of 722.67 and a beta of 1.03.
About Clean Harbors
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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