After Forming Bearish Double Bottom, Is Clean Harbors, Inc. (CLH)’s Near-Term Analysis Negative?

February 15, 2018 - By Marry Poplack

Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.21, from 1.22 in 2017Q2. It dived, 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.
Bb&T Secs Ltd Liability Corp holds 33,646 shares or 0.03% of its portfolio. Moreover, Whittier Trust has 0% invested in Clean Harbors, Inc. (NYSE:CLH) for 435 shares. Texas Permanent School Fund reported 37,970 shares. United Capital Advisers holds 0% in Clean Harbors, Inc. (NYSE:CLH) or 4,292 shares. Mitsubishi Ufj Trust & Banking reported 419,490 shares or 0.04% of all its holdings. Metropolitan Life Ins Co New York accumulated 50,616 shares. Global X Mngmt Limited Liability, New York-based fund reported 408 shares. First Republic Invest Mgmt has invested 0% in Clean Harbors, Inc. (NYSE:CLH). Whittier Tru Of Nevada Inc holds 20 shares. Profund Limited Liability Corporation has 0.01% invested in Clean Harbors, Inc. (NYSE:CLH) for 5,699 shares. First Mercantile holds 0.05% or 4,394 shares in its portfolio. Ls Advisors Ltd Liability Company has 0.01% invested in Clean Harbors, Inc. (NYSE:CLH) for 3,987 shares. Barrow Hanley Mewhinney & Strauss Limited Com owns 0% invested in Clean Harbors, Inc. (NYSE:CLH) for 445 shares. Yhb Inv Advsr invested in 0.26% or 25,825 shares. Ameritas Invest Partners Inc reported 15,365 shares.

Since August 24, 2017, it had 0 insider purchases, and 3 selling transactions for $313,845 activity. Shares for $51,007 were sold by Dugas Eric J. on Friday, September 8. Shares for $27,528 were sold by Weber Brian P.

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. The firm has “Buy” rating given on Monday, August 28 by Stifel Nicolaus. The rating was maintained by Needham with “Buy” on Thursday, November 5. The stock has “Outperform” rating by Wedbush on Wednesday, April 12. The rating was maintained by Needham on Wednesday, August 30 with “Buy”. The firm has “Buy” rating by Oppenheimer given on Wednesday, August 2. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, November 14. The stock has “Buy” rating by Stifel Nicolaus on Thursday, January 4. As per Thursday, November 2, the company rating was maintained by BMO Capital Markets. On Friday, March 3 the stock rating was initiated by Goldman Sachs with “Neutral”. The rating was initiated by Sterne Agee CRT on Tuesday, March 22 with “Neutral”.

More notable recent Clean Harbors, Inc. (NYSE:CLH) news were published by: Businesswire.com which released: “Clean Harbors Signs Definitive Agreement to Acquire Veolia North America’s …” on January 23, 2018, also Seekingalpha.com with their article: “Clean Harbors (CLH) Q3 2017 Results – Earnings Call Transcript” published on November 01, 2017, Nasdaq.com published: “Clean Harbors (CLH) Remains Focused on Improving Efficiency” on January 02, 2018. More interesting news about Clean Harbors, Inc. (NYSE:CLH) were released by: Businesswire.com and their article: “Clean Harbors Signs Definitive Agreement to Acquire Lonestar West Inc.” published on May 11, 2017 as well as Businesswire.com‘s news article titled: “Clean Harbors Completes Acquisition of Lonestar West Inc.” with publication date: July 17, 2017.

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