Raymond James Financial, Inc. upgraded shares of Clean Harbors, Inc. (NYSE:CLH) from an underperform rating to a market perform rating in a report released on Thursday, November 2nd, Marketbeat reports.
Other equities research analysts have also issued reports about the stock. Barclays PLC upgraded shares of Clean Harbors from an underweight rating to an equal weight rating and set a $50.00 target price for the company in a research report on Monday, August 7th. Canaccord Genuity reiterated a hold rating and set a $57.00 target price on shares of Clean Harbors in a research report on Wednesday, August 9th. BidaskClub lowered shares of Clean Harbors from a sell rating to a strong sell rating in a research report on Wednesday, August 2nd. Stifel Nicolaus restated a buy rating and issued a $67.00 price objective on shares of Clean Harbors in a report on Wednesday, July 19th. Finally, Needham & Company LLC restated a buy rating and issued a $66.00 price objective on shares of Clean Harbors in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $61.00.
Clean Harbors (NYSE:CLH) opened at $52.45 on Thursday. The company has a market cap of $2,930.00, a P/E ratio of 257.45 and a beta of 1.03. Clean Harbors has a 12 month low of $49.63 and a 12 month high of $61.62. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.86 and a current ratio of 2.19.
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In other Clean Harbors news, insider David J. Vergo sold 1,097 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $54.00, for a total transaction of $59,238.00. Following the transaction, the insider now owns 24,156 shares in the company, valued at approximately $1,304,424. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Eric W. Gerstenberg sold 4,667 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $50.42, for a total transaction of $235,310.14. Following the transaction, the chief operating officer now owns 91,950 shares in the company, valued at approximately $4,636,119. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,187 shares of company stock worth $373,083. 8.90% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Clean Harbors by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock valued at $116,000 after buying an additional 188 shares in the last quarter. Zions Bancorporation purchased a new stake in Clean Harbors during the 3rd quarter valued at approximately $189,000. World Asset Management Inc purchased a new stake in Clean Harbors during the 2nd quarter valued at approximately $201,000. Balyasny Asset Management LLC purchased a new stake in Clean Harbors during the 2nd quarter valued at approximately $203,000. Finally, Stifel Financial Corp purchased a new stake in Clean Harbors during the 3rd quarter valued at approximately $211,000. 93.81% of the stock is owned by institutional investors.
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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