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 research report report published on Monday,Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of Clean Harbors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 29th. The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th. William Blair cut shares of Clean Harbors from an “outperform” rating to a “hold” rating in a report on Wednesday, October 21st. TD Cowen lifted their price target on shares of Clean Harbors from $390.00 to $395.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Finally, Wells Fargo & Company upped their price objective on shares of Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Two 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. According to data from MarketBeat.com, Clean Harbors has a consensus rating of “Moderate Buy” and an average price target of $365.29.

Clean Harbors Trading Up 0.1%

Shares of CLH stock opened at $290.34 on Monday. The company has a market cap of $15.31 billion, a P/E ratio of 29.15, a PEG ratio of 1.62 and a beta of 0.87. The stock has a 50 day simple moving average of $312.00 and a two-hundred day simple moving average of $298.84. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.63 and a current ratio of 1.95. Clean Harbors has a fifty-two week low of $201.34 and a fifty-two week high of $335.94.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 28th. The business services provider reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.67. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.73 billion. Clean Harbors had a return on equity of 18.27% and a net margin of 8.05%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.21 earnings per share. Research analysts forecast that Clean Harbors will post 10.33 earnings per share for the current year.

Insider Activity at Clean Harbors

In other news, Director Karyn Polito acquired 125 shares of the firm’s stock in a transaction dated Thursday, October 29th. The stock was purchased at an average price of $314.83 per share, for a total transaction of $39,353.75. Following the completion of the acquisition, the director directly owned 4,252 shares in the company, valued at $1,338,657.16. The trade was a 3.03% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Eric 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 value of $803,350.00. Following the transaction, the chief executive officer directly owned 56,793 shares in the company, valued at $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CLH. BlackRock Inc. acquired a new position in shares of Clean Harbors during the second quarter valued at about $1,516,521,000. Jupiter Topco LLC acquired a new position in Clean Harbors during the 2nd quarter valued at about $477,570,000. Bessemer Group Inc. boosted its stake in Clean Harbors by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock valued at $267,239,000 after purchasing an additional 16,747 shares during the last quarter. First Trust Advisors LP increased its holdings in Clean Harbors by 10.0% during the 1st quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock worth $223,202,000 after purchasing an additional 70,447 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Clean Harbors during the 2nd quarter worth approximately $142,801,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc. provides environmental, industrial and hazardous waste management services to businesses and government organizations. Its services include the collection, transportation, treatment and disposal of hazardous and non-hazardous waste, as well as industrial cleaning and maintenance. The company also offers emergency spill response and related environmental services. Through its Safety-Kleen operations, Clean Harbors collects and re-refines used oil and provides parts-cleaning and other environmental services to commercial and industrial customers.