Canaccord Genuity reissued their hold rating on shares of Clean Harbors, Inc. (NYSE:CLH) in a report published on Wednesday morning. The brokerage currently has a $57.00 price objective on the business services provider’s stock.

Several other brokerages have also recently issued reports on CLH. BMO Capital Markets initiated coverage on Clean Harbors in a research note on Thursday, June 29th. They issued an outperform rating and a $65.00 price objective for the company. Wedbush restated an outperform rating and set a $63.00 target price on shares of Clean Harbors in a research note on Tuesday, April 11th. ValuEngine upgraded Clean Harbors from a sell rating to a hold rating in a research note on Friday, June 2nd. BidaskClub cut Clean Harbors from a hold rating to a sell rating in a research note on Friday, June 23rd. Finally, 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 research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $61.27.

Clean Harbors (CLH) traded down 0.80% during mid-day trading on Wednesday, hitting $51.98. 128,783 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $55.27 and its 200-day moving average price is $56.39. The stock’s market cap is $2.97 billion. Clean Harbors has a one year low of $43.03 and a one year high of $61.62.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.03. The firm had revenue of $752.80 million during the quarter, compared to analyst estimates of $735.63 million. Clean Harbors had a negative net margin of 0.65% and a positive return on equity of 0.79%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. On average, analysts forecast that Clean Harbors will post $0.67 EPS for the current fiscal year.

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In other Clean Harbors news, insider David M. Parry sold 4,402 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $58.96, for a total value of $259,541.92. Following the completion of the sale, the insider now owns 39,955 shares in the company, valued at $2,355,746.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Brian P. Weber sold 1,945 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $54.06, for a total value of $105,146.70. Following the completion of the sale, the executive vice president now owns 51,656 shares of the company’s stock, valued at approximately $2,792,523.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,418 shares of company stock valued at $605,895. 9.50% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Neuburgh Advisers LLC boosted its stake 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 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 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 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 own 95.74% of the company’s stock.

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.

Analyst Recommendations for Clean Harbors (NYSE:CLH)

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