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Clean Harbors, Inc. (CLH) on Focus After Trading At All-Time Highs

Clean Harbors, Inc. (NYSE:CLH) Logo

Investors sentiment decreased to 0.77 in 2019 Q3. Its down 0.02, from 0.79 in 2019Q2. It dived, as 16 investors sold Clean Harbors, Inc. shares while 99 reduced holdings. 36 funds opened positions while 52 raised stakes. 48.85 million shares or 0.60% less from 49.15 million shares in 2019Q2 were reported.
The United Kingdom-based Barclays Public Limited Co has invested 0% in Clean Harbors, Inc. (NYSE:CLH). Point72 Asset Management L P invested in 1,100 shares or 0% of the stock. Parametric Associates Lc holds 0.01% in Clean Harbors, Inc. (NYSE:CLH) or 203,190 shares. M&T Bancshares invested in 0.01% or 35,999 shares. State Of Alaska Department Of Revenue owns 9,135 shares or 0.01% of their US portfolio. Amer Interest Group Inc Inc owns 98,592 shares. Ashfield Cap Ptnrs Llc holds 0.05% or 6,356 shares in its portfolio. Jefferies Group Inc Lc has 0% invested in Clean Harbors, Inc. (NYSE:CLH) for 3,100 shares. Macquarie Limited accumulated 89,228 shares or 0.01% of the stock. Aperio Grp Incorporated Limited Co invested 0.01% in Clean Harbors, Inc. (NYSE:CLH). Walleye Trading Limited Liability Corporation owns 1,307 shares or 0% of their US portfolio. Bb&T Corporation accumulated 37,515 shares. Alberta Invest Management invested in 0% or 4,400 shares. Peddock Advsr Limited Liability Corp holds 3,500 shares or 0.15% of its portfolio. Atria Investments Limited Liability Co reported 0.02% in Clean Harbors, Inc. (NYSE:CLH).

The stock of Clean Harbors, Inc. (NYSE:CLH) reached all time high today, Dec, 6 and still has $91.37 target or 7.00 % above today’s $85.39 share price. This indicates more upside for the $4.80B company. This technical setup was reported by Barchart.com. If the $91.37 PT is reached, the company will be worth $335.72M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.72% or $2.26 during the last trading session, reaching $85.39. About 165,693 shares traded. Clean Harbors, Inc. (NYSE:CLH) has risen 38.97% since December 6, 2018 and is uptrending. It has outperformed by 38.97% the S&P500.

Analysts await Clean Harbors, Inc. (NYSE:CLH) to report earnings on February, 26. They expect $0.44 earnings per share, up 83.33 % or $0.20 from last year’s $0.24 per share. CLH’s profit will be $24.71 million for 48.52 P/E if the $0.44 EPS becomes a reality. After $0.72 actual earnings per share reported by Clean Harbors, Inc. for the previous quarter, Wall Street now forecasts -38.89 % negative EPS growth.

Clean Harbors, Inc. (NYSE:CLH) Ratings Coverage

Among 5 analysts covering Clean Harbors (NYSE:CLH), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Clean Harbors has $9500 highest and $7500 lowest target. $87.60’s average target is 2.59% above currents $85.39 stock price. Clean Harbors had 11 analyst reports since August 1, 2019 according to SRatingsIntel. The firm has “Buy” rating given on Friday, August 23 by Needham. As per Thursday, October 31, the company rating was maintained by Stifel Nicolaus. The company was maintained on Thursday, October 31 by Robert W. Baird. Robert W. Baird maintained the shares of CLH in report on Thursday, August 1 with “Outperform” rating. The firm earned “Buy” rating on Thursday, October 31 by BMO Capital Markets.

More notable recent Clean Harbors, Inc. (NYSE:CLH) news were published by: Finance.Yahoo.com which released: “Why Clean Harbors, Inc.’s (NYSE:CLH) Return On Capital Employed Might Be A Concern – Yahoo Finance” on November 28, 2019, also Businesswire.com with their article: “Clean Harbors Announces Results Through Early Tender Date of Tender Offer and Consent Solicitation – Business Wire” published on July 02, 2019, Fool.com published: “Clean Harbors Inc (CLH) Q4 2018 Earnings Conference Call Transcript – Motley Fool” on February 27, 2019. More interesting news about Clean Harbors, Inc. (NYSE:CLH) were released by: Fool.com and their article: “Clean Harbors (CLH) Q1 2019 Earnings Call Transcript – Motley Fool” published on May 01, 2019 as well as Finance.Yahoo.com‘s news article titled: “Have Insiders Been Selling Clean Harbors, Inc. (NYSE:CLH) Shares? – Yahoo Finance” with publication date: July 18, 2019.

Clean Harbors, Inc. provides environmental, energy, and industrial services in North America and internationally. The company has market cap of $4.80 billion. The companyÂ’s Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incineration, landfill, wastewater, and other treatment facilities. It has a 53.37 P/E ratio. The Company’s Industrial and Field Services segment offers industrial and specialty services, such as high-pressure and chemical cleaning, daylighting, production servicing, decoking, pigging, and material processing services to refineries, chemical plants, oil sands facilities, pulp and paper mills, and other industrial facilities.

Clean Harbors, Inc. (NYSE:CLH) Institutional Positions Chart

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