Clean Harbors, Inc. (CLH) Stock Rating Upgraded by Barclays PLC

Barclays PLC upgraded shares of Clean Harbors, Inc. (NYSE:CLH) from an underweight rating to an equal weight rating in a report issued on Monday, August 7th, Marketbeat Ratings reports. Barclays PLC currently has $50.00 target price on the business services provider’s stock.

CLH has been the subject of several other reports. Zacks Investment Research upgraded Clean Harbors from a strong sell rating to a buy rating and set a $65.00 target price for the company in a report on Tuesday, May 2nd. Wedbush restated an outperform rating and issued a $63.00 target price on shares of Clean Harbors in a report on Tuesday, April 11th. BidaskClub lowered Clean Harbors from a hold rating to a sell rating in a report on Friday, June 23rd. ValuEngine upgraded Clean Harbors from a sell rating to a hold rating in a report on Friday, June 2nd. Finally, Needham & Company LLC restated a buy rating and issued a $66.00 target price on shares of Clean Harbors in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Clean Harbors has a consensus rating of Hold and an average price target of $61.27.

Clean Harbors (CLH) traded down 1.10% on Monday, reaching $50.25. 285,984 shares of the company traded hands. The stock’s market capitalization is $2.87 billion. Clean Harbors has a 52-week low of $43.03 and a 52-week high of $61.62. The firm has a 50 day moving average price of $54.85 and a 200 day moving average price of $56.31.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The firm had revenue of $752.80 million during the quarter, compared to the consensus estimate of $735.63 million. Clean Harbors had a negative net margin of 0.65% and a positive return on equity of 0.79%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS. Equities research analysts predict that Clean Harbors will post $0.67 EPS for the current year.

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In other news, EVP Brian P. Weber sold 1,945 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $54.06, for a total transaction of $105,146.70. Following the completion of the transaction, the executive vice president now directly owns 51,656 shares in the company, valued at $2,792,523.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David M. Parry sold 4,402 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were 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 owns 39,955 shares of the company’s stock, valued at $2,355,746.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,418 shares of company stock valued at $605,895. Corporate insiders own 9.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Neuburgh Advisers LLC raised its position in shares of Clean Harbors by 7.1% in the first quarter. Neuburgh Advisers LLC now owns 1,980 shares of the business services provider’s stock worth $110,000 after buying an additional 132 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Clean Harbors by 9.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock worth $116,000 after buying an additional 188 shares during the last quarter. Tyers Asset Management LLC raised its position in shares of Clean Harbors by 7.1% in the first quarter. Tyers Asset Management LLC now owns 2,520 shares of the business services provider’s stock worth $140,000 after buying an additional 168 shares during the last quarter. Flinton Capital Management LLC raised its position in shares of Clean Harbors by 7.1% in the first quarter. Flinton Capital Management LLC now owns 3,060 shares of the business services provider’s stock worth $170,000 after buying an additional 204 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of Clean Harbors by 15.7% in the first quarter. Asset Management One Co. Ltd. now owns 3,530 shares of the business services provider’s stock worth $196,000 after buying an additional 480 shares during the last quarter. Institutional investors and hedge funds own 95.08% of the company’s stock.

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.

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