Large Outflow of Money Witnessed in Clean Harbors, Inc.

Shares of Clean Harbors, Inc. (CLH) traded 0.14 points or 0.25% higher at $55.64.The total intraday money flow for the shares came in at a disappointing $(-2.63) million. The total upticks amounted to $1.56 million and the total downticks were approximately $4.19 million, with the up/down ratio of 0.37. On a different note, the shares have seen 3.3% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $2.21 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-2.21) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Clean Harbors, Inc. appreciated by 0.74% during the last five trading days but lost 2.17% on a 4-week basis. Clean Harbors, Inc. is up 15.05% in the last 3-month period. Year-to-Date the stock performance stands at -2.17%. Clean Harbors, Inc. (NYSE:CLH) witnessed a decline in the market cap on Wednesday as its shares dropped 1.91% or 1.06 points. After the session commenced at $55.96, the stock reached the higher end at $56.16 while it hit a low of $54.33. With the volume soaring to 555,727 shares, the last trade was called at $54.44. The company has a 52-week high of $58.225. The company has a market cap of $3,124 million and there are 57,392,673 shares in outstanding. The 52-week low of the share price is $37.09.

Company has reported several Insider transactions to the SEC, on Dec 28, 2016, Rod Marlin (director) sold 3,394 shares at 56.21 per share price.On Dec 28, 2016, Brian P Weber (EVP (CHESI) sold 712 shares at 56.30 per share price.On Dec 22, 2016, Alan S Mckim (Chrmn.of Bd and CEO) sold 20,000 shares at 57.82 per share price.

Clean Harbors Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.15. Analyst had a consensus of $0.31. The company had revenue of $729.50 million for the quarter, compared to analysts expectations of $735.89 million. The companys revenue was down -18.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Clean Harbors Inc was Upgraded by KeyBanc Capital Mkts to Overweight on Jan 31, 2017. Company shares were Downgraded by Barclays on Jan 10, 2017 to Underweight, Raises Price Target to $ 53 from a previous price target of $49 .Company shares were Reiterated by Stifel on Nov 14, 2016 to Buy, Raises Price Target to $ 55 from a previous price target of $50 .Clean Harbors Inc was Downgraded by Barclays on Nov 7, 2016 to Equal Weight, Lowers Price Target to $ 49 from a previous price target of $57 .

Clean Harbors, Inc., through its subsidiaries, operates in one industry segment providing a wide range of environmental services to a diversified customer base in the United States and Puerto Rico. The Company is managed on a regional basis, with a full range of services being offered in the Northeast, Mid-Atlantic and Midwest regions, and a presence in the Western region. The Company has a network of sales and regional logistics offices and service centers. The service centers interface with customers, and perform a variety of environmental remediation.


Share this post

Leave a Reply