Clean Harbors, Inc. (CLH) Can’t Be More Risky. The Stock Formed a Double Bottom Pattern

February 15, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.21, from 1.22 in 2017Q2. It fall, as 18 investors sold Clean Harbors, Inc. shares while 75 reduced holdings. 32 funds opened positions while 62 raised stakes. 52.13 million shares or 1.97% less from 53.18 million shares in 2017Q2 were reported.
5,000 were accumulated by Bluestein R H. Legal And General Gru Plc stated it has 71,375 shares or 0% of all its holdings. Timessquare Cap Management Ltd Co holds 0.36% or 954,060 shares in its portfolio. Moreover, Camarda Limited Liability Co has 0.03% invested in Clean Harbors, Inc. (NYSE:CLH) for 454 shares. State Of Wisconsin Inv Board owns 101,710 shares or 0.02% of their US portfolio. Employees Retirement Systems Of Ohio invested in 0.01% or 26,115 shares. Bnp Paribas Asset Management Holding holds 20,700 shares. Public Employees Retirement Association Of Colorado accumulated 0% or 11,673 shares. First Mercantile Trust has invested 0.05% in Clean Harbors, Inc. (NYSE:CLH). Schwab Charles Inv Mngmt reported 326,573 shares stake. Raymond James Na has invested 0.02% in Clean Harbors, Inc. (NYSE:CLH). Wellington Gru Limited Liability Partnership has 0.1% invested in Clean Harbors, Inc. (NYSE:CLH) for 7.38M shares. Atria Ltd Liability reported 0.01% stake. Riverhead Capital Mngmt Lc holds 0.01% or 5,435 shares. 12Th Street Asset Mgmt Comm Limited Liability stated it has 3.12% of its portfolio in Clean Harbors, Inc. (NYSE:CLH).

Since August 24, 2017, it had 0 buys, and 3 selling transactions for $313,845 activity. 933 shares valued at $51,007 were sold by Dugas Eric J. on Friday, September 8. $27,528 worth of stock was sold by Weber Brian P on Friday, September 29.

The chart of Clean Harbors, Inc. (CLH) shows a double bottom with $46.98 target or 9.00 % below today’s $51.63 share price. The 6 months chart pattern indicates high risk for the $2.94 billion company. It was reported on Feb, 15 by Finviz.com. If the $46.98 price target is reached, the company will be worth $264.51 million less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.14% or $0.07 during the last trading session, reaching $51.63. About 88,663 shares traded. Clean Harbors, Inc. (NYSE:CLH) has risen 18.53% since February 15, 2017 and is uptrending. It has outperformed by 1.83% the S&P500.

Analysts await Clean Harbors, Inc. (NYSE:CLH) to report earnings on February, 28. They expect $0.06 earnings per share, up 200.00 % or $0.12 from last year’s $-0.06 per share. CLH’s profit will be $3.42 million for 215.13 P/E if the $0.06 EPS becomes a reality. After $0.21 actual earnings per share reported by Clean Harbors, Inc. for the previous quarter, Wall Street now forecasts -71.43 % negative EPS growth.

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

Among 14 analysts covering Clean Harbors Inc. (NYSE:CLH), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Clean Harbors Inc. had 39 analyst reports since July 27, 2015 according to SRatingsIntel. BMO Capital Markets maintained Clean Harbors, Inc. (NYSE:CLH) rating on Wednesday, January 10. BMO Capital Markets has “Buy” rating and $61.0 target. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 5 report. Barclays Capital upgraded the stock to “Hold” rating in Monday, August 7 report. The firm has “Buy” rating by Needham given on Thursday, February 23. The rating was maintained by Wedbush on Wednesday, April 12 with “Outperform”. The stock of Clean Harbors, Inc. (NYSE:CLH) earned “Buy” rating by Oppenheimer on Wednesday, August 2. Barclays Capital initiated Clean Harbors, Inc. (NYSE:CLH) on Wednesday, May 18 with “Overweight” rating. The rating was maintained by Stifel Nicolaus on Monday, August 28 with “Buy”. KeyBanc Capital Markets downgraded Clean Harbors, Inc. (NYSE:CLH) on Thursday, August 3 to “Sector Weight” rating. The company was initiated on Tuesday, March 22 by Sterne Agee CRT.

More notable recent Clean Harbors, Inc. (NYSE:CLH) news were published by: Businesswire.com which released: “Clean Harbors Signs Definitive Agreement to Acquire Lonestar West Inc.” on May 11, 2017, also Businesswire.com with their article: “Clean Harbors Signs Definitive Agreement to Acquire Veolia North America’s …” published on January 23, 2018, Barrons.com published: “Clean Harbors Gets Docked” on August 04, 2017. More interesting news about Clean Harbors, Inc. (NYSE:CLH) were released by: Businesswire.com and their article: “Clean Harbors Completes Acquisition of Lonestar West Inc.” published on July 17, 2017 as well as Seekingalpha.com‘s news article titled: “Clean Harbors (CLH) Q3 2017 Results – Earnings Call Transcript” with publication date: November 01, 2017.

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