During the last session, Clean Harbors Inc. (NYSE:CLH)’s traded shares were 0.32 million, with the beta value of the company hitting 1.75. At the end of the trading day, the stock’s price was $102.66, reflecting an intraday loss of -2.67% or -$2.82. The 52-week high for the CLH share is $105.51, that puts it down -2.78 from that peak though still a striking 49.13% gain since the share price plummeted to a 52-week low of $52.22. The company’s market capitalization is $5.48B, and the average intraday trading volume over the past 10 days was 0.2 million shares, and the average trade volume was 258.54K shares over the past three months.
Clean Harbors Inc. (CLH) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.90. CLH has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.81.
Clean Harbors Inc. (NYSE:CLH) trade information
Clean Harbors Inc. (CLH) registered a -2.67% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.67% in intraday trading to $102.66 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is -0.26%, and it has moved by 3.74% in 30 days. Based on these gigs, the overall price performance for the year is 77.89%. The short interest in Clean Harbors Inc. (NYSE:CLH) is 0.66 million shares and it means that shorts have 2.43 day(s) to cover.
The consensus price target of analysts on Wall Street is $114.50, which implies an increase of 10.34% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $105.00 and $125.00 respectively. As a result, CLH is trading at a discount of -21.76% off the target high and -2.28% off the low.
Clean Harbors Inc. (CLH) estimates and forecasts
Statistics show that Clean Harbors Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Clean Harbors Inc. (CLH) shares have gone up 15.35% during the last six months, with a year-to-date growth rate more than the industry average at 40.09% against 14.20. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 55.80% this quarter and then jump 11.10% in the quarter after that. In the rating firms’ projections, revenue will increase 12.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $926.46 million as predicted by 11 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $914.63 million by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $698.86 million and $779.34 million respectively. In this case, analysts expect current quarter sales to grow by 32.60% and then jump by 17.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 26.30%. While earnings are projected to return 39.00% in 2021, the next five years will return 30.00% per annum.
Clean Harbors Inc. is due to release its next quarterly earnings between November 02 and November 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Clean Harbors Inc. (NYSE:CLH)’s Major holders
Clean Harbors Inc. insiders own 7.32% of total outstanding shares while institutional holders control 90.97%, with the float percentage being 98.15%. Wellington Management Group, LLP is the largest shareholder of the company, while 418 institutions own stock in it. As of Mar 30, 2021, the company held over 7.16 million shares (or 13.13% of all shares), a total value of $602.25 million in shares.
The next largest institutional holding, with 4.54 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 8.32% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $381.73 million.
Also, the Mutual Funds coming in first place with the largest holdings of Clean Harbors Inc. (CLH) shares are Vanguard Explorer Fund, Inc. and Vanguard Total Stock Market Index Fund. Data provided on Jan 30, 2021 indicates that Vanguard Explorer Fund, Inc. owns about 1.58 million shares. This amounts to just over 2.90 percent of the company’s overall shares, with a $122.6 million market value. The same data shows that the other fund manager holds slightly less at 1.4 million, or about 2.57% of the stock, which is worth about $117.84 million.