Clean Harbors (NYSE:CLH) Stock Price Up 2.8%

Shares of Clean Harbors Inc (NYSE:CLH) rose 2.8% on Wednesday . The stock traded as high as $46.20 and last traded at $47.37, approximately 18,718 shares changed hands during trading. A decline of 98% from the average daily volume of 826,469 shares. The stock had previously closed at $46.10.

CLH has been the subject of several research reports. Robert W. Baird reiterated a “buy” rating on shares of Clean Harbors in a research note on Monday, March 2nd. Goldman Sachs Group reiterated a “neutral” rating and set a $89.00 price target on shares of Clean Harbors in a research note on Friday, February 28th. Jefferies Financial Group initiated coverage on Clean Harbors in a research note on Wednesday, November 27th. They set an “underperform” rating and a $75.00 price target for the company. Finally, Stifel Nicolaus cut their price target on Clean Harbors from $96.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, March 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $85.11.

The firm has a 50 day simple moving average of $68.29 and a 200 day simple moving average of $78.07. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.65 and a current ratio of 1.95. The firm has a market cap of $2.57 billion, a P/E ratio of 29.71 and a beta of 1.61.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 26th. The business services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.04). Clean Harbors had a return on equity of 8.67% and a net margin of 2.86%. The company had revenue of $871.00 million during the quarter, compared to the consensus estimate of $878.84 million. During the same quarter in the prior year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts predict that Clean Harbors Inc will post 2.18 EPS for the current fiscal year.

In related news, EVP Robert Speights bought 1,275 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was acquired at an average price of $39.15 per share, for a total transaction of $49,916.25. Following the purchase, the executive vice president now directly owns 16,338 shares in the company, valued at $639,632.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders acquired 2,461 shares of company stock valued at $99,969. 8.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CLH. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Clean Harbors during the 4th quarter valued at about $38,000. Advisory Services Network LLC bought a new stake in shares of Clean Harbors during the 4th quarter valued at about $101,000. NumerixS Investment Technologies Inc boosted its position in shares of Clean Harbors by 600.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 1,200 shares during the last quarter. NEXT Financial Group Inc bought a new stake in shares of Clean Harbors during the 4th quarter valued at about $148,000. Finally, Advisor Group Inc. boosted its position in shares of Clean Harbors by 41.1% during the 4th quarter. Advisor Group Inc. now owns 1,752 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 510 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

About Clean Harbors (NYSE:CLH)

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

Further Reading: What is the G-20?

Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.