Clean Harbors Inc (NYSE:CLH) has been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $75.40.
Several equities analysts have recently commented on the stock. TheStreet cut shares of Clean Harbors from a “b-” rating to a “c+” rating in a research report on Tuesday, May 7th. BMO Capital Markets increased their price target on shares of Clean Harbors from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. Finally, UBS Group raised their target price on shares of Clean Harbors from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th.
Shares of Clean Harbors stock traded up $0.93 during trading hours on Monday, hitting $67.33. 45,483 shares of the company’s stock traded hands, compared to its average volume of 237,894. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.92 and a quick ratio of 1.59. The company has a market capitalization of $3.71 billion, a PE ratio of 53.44 and a beta of 1.61. Clean Harbors has a twelve month low of $46.21 and a twelve month high of $77.24.
In other news, insider Alan S. Mckim sold 38,682 shares of Clean Harbors stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $65.32, for a total transaction of $2,526,708.24. Following the sale, the insider now owns 3,659,858 shares of the company’s stock, valued at $239,061,924.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alan S. Mckim sold 11,318 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $65.30, for a total transaction of $739,065.40. Following the transaction, the insider now owns 3,648,540 shares in the company, valued at approximately $238,249,662. The disclosure for this sale can be found here. Insiders sold 59,777 shares of company stock worth $3,958,301 in the last three months. 8.70% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its position in Clean Harbors by 11.0% in the third quarter. Morgan Stanley now owns 74,285 shares of the business services provider’s stock worth $5,316,000 after buying an additional 7,342 shares during the last quarter. Rhumbline Advisers grew its position in Clean Harbors by 52.8% in the fourth quarter. Rhumbline Advisers now owns 131,560 shares of the business services provider’s stock worth $6,492,000 after buying an additional 45,467 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Clean Harbors by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 71,157 shares of the business services provider’s stock worth $3,512,000 after buying an additional 300 shares during the last quarter. Dupont Capital Management Corp acquired a new position in Clean Harbors in the fourth quarter worth approximately $226,000. Finally, Stevens Capital Management LP grew its position in Clean Harbors by 890.6% in the fourth quarter. Stevens Capital Management LP now owns 38,880 shares of the business services provider’s stock worth $1,919,000 after buying an additional 34,955 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
Clean Harbors Company Profile
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.
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