Clean Harbors Stock Today
| CLH Stock | USD 196.00 5.02 2.50% |
Performance15 of 100
| Odds Of DistressLess than 2
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Clean Harbors is trading at 196.00 as of the 25th of April 2024. This is a -2.5% down since the beginning of the trading day. The stock's open price was 201.02. Clean Harbors has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Clean Harbors are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of March 2024 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Commercial & Professional Services | IPO Date 24th of November 1987 | Category Industrials |
Clean Harbors, Inc. provides environmental and industrial services in North America. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts. Clean Harbors operates under Waste Management classification in the United States and is traded on New York Stock Exchange. The company has 54.64 M outstanding shares of which 561.77 K shares are currently shorted by investors with about 1.83 days to cover. More on Clean Harbors
Moving together with Clean Stock
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Moving against Clean Stock
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Clean Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Clean Harbors' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Clean Harbors or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CoCEO CoPresident | Michael CPA | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Almost Nothing (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Coral Gold Resources Ltd, Collection House Ltd] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Environmental & Facilities Services, Commercial & Professional Services, Industrials, NYSE Composite, SP Midcap 400, HNX MidSmall Cap, Almost Nothing, Industrials, Commercial Services & Supplies, Waste Management, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Clean Harbors report their recommendations after researching Clean Harbors' financial statements, talking to executives and customers, or listening in on Clean Harbors' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Clean Harbors. The Clean consensus assessment is calculated by taking the average forecast from all of the analysts covering Clean Harbors. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Clean Harbors' liquidity, profitability, solvency, and operating efficiency, Clean Harbors is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Clean Harbors is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Clean Harbors' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Clean Harbors' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Clean Harbors' bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Clean Harbors' outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Clean Harbors' financial leverage. It provides some insight into what part of Clean Harbors' total assets is financed by creditors.
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Clean Harbors (CLH) is traded on New York Stock Exchange in USA. It is located in 42 Longwater Drive, Norwell, MA, United States, 02061-9149 and employs 21,021 people. Clean Harbors is listed under Environmental & Facilities Services category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 10.98 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Clean Harbors's market, we take the total number of its shares issued and multiply it by Clean Harbors's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Clean Harbors runs under Commercial Services & Supplies sector within Industrials industry. The entity has 54.64 M outstanding shares of which 561.77 K shares are currently shorted by investors with about 1.83 days to cover.
Clean Harbors has about 492.6 M in cash with 734.55 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.68.
Check Clean Harbors Probability Of Bankruptcy
Ownership AllocationClean Harbors holds a total of 54.64 Million outstanding shares. The majority of Clean Harbors outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Clean Harbors to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Clean Harbors. Please pay attention to any change in the institutional holdings of Clean Harbors as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Clean Ownership Details
Clean Stock Price Odds Analysis
Coming from a normal probability distribution, the odds of Clean Harbors jumping above the current price in 90 days from now is about 17.83%. The Clean Harbors probability density function shows the probability of Clean Harbors stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.2167 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Clean Harbors will likely underperform. Additionally, clean Harbors has an alpha of 0.1506, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Clean Harbors to move above the current price in 90 days from now is about 17.83 (This Clean Harbors probability density function shows the probability of Clean Stock to fall within a particular range of prices over 90 days) .
Clean Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Clean Harbors that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Clean Harbors' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Clean Harbors' value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 780.3 K | |
| Clearbridge Advisors, Llc | 2023-12-31 | 740.6 K | |
| Artemis Investment Management Llp | 2023-12-31 | 730.3 K | |
| Pictet Asset Manangement Sa | 2023-12-31 | 721.2 K | |
| Vontobel Holding Ltd. | 2023-12-31 | 612 K | |
| Jackson Square Partners, Llc | 2023-12-31 | 569.8 K | |
| Impax Asset Management Group Plc | 2023-12-31 | 562.4 K | |
| Zurich Insurance Group Ag | 2023-12-31 | 516.3 K | |
| Norges Bank | 2023-12-31 | 499 K | |
| Vanguard Group Inc | 2023-12-31 | 4.8 M | |
| Blackrock Inc | 2023-12-31 | 4.4 M |
Clean Harbors Historical Income Statement
Clean Harbors Income Statement is one of the three primary financial statements used for reporting Clean's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Clean Harbors revenue and expense. Clean Harbors Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of now, Clean Harbors' Total Revenue is increasing as compared to previous years. The Clean Harbors' current Gross Profit is estimated to increase to about 1.7 B, while Total Other Income Expense Net is projected to decrease to (593.2 K). View More FundamentalsClean Stock Against Markets
Picking the right benchmark for Clean Harbors stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Clean Harbors stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Clean Harbors is critical whether you are bullish or bearish towards Clean Harbors at a given time. Please also check how Clean Harbors' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Clean Harbors without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Clean Harbors Corporate Directors
Clean Harbors corporate directors refer to members of a Clean Harbors board of directors. The board of directors generally takes responsibility for the Clean Harbors' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Clean Harbors' board members must vote for the resolution. The Clean Harbors board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Rod Marlin | Independent Director | Profile | |
| John Welch | Independent Director | Profile | |
| John DeVillars | Independent Director | Profile | |
| Eugene Banucci | Lead Independent Director | Profile |
How to buy Clean Stock?
Before investing in Clean Harbors, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Clean Harbors. To buy Clean Harbors stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Clean Harbors. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Clean Harbors stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Clean Harbors stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Clean Harbors stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Clean Harbors, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Clean Stock please use our How to Invest in Clean Harbors guide.
Already Invested in Clean Harbors?
The danger of trading Clean Harbors is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Clean Harbors is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Clean Harbors. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Clean Harbors is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Clean Harbors offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Clean Harbors' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Clean Harbors Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Clean Harbors Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clean Harbors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Clean Stock please use our How to Invest in Clean Harbors guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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When running Clean Harbors' price analysis, check to measure Clean Harbors' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Clean Harbors is operating at the current time. Most of Clean Harbors' value examination focuses on studying past and present price action to predict the probability of Clean Harbors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clean Harbors' price. Additionally, you may evaluate how the addition of Clean Harbors to your portfolios can decrease your overall portfolio volatility.
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Is Clean Harbors' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clean Harbors. If investors know Clean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clean Harbors listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.194 | Earnings Share 6.96 | Revenue Per Share 100.038 | Quarterly Revenue Growth 0.047 | Return On Assets 0.0612 |
The market value of Clean Harbors is measured differently than its book value, which is the value of Clean that is recorded on the company's balance sheet. Investors also form their own opinion of Clean Harbors' value that differs from its market value or its book value, called intrinsic value, which is Clean Harbors' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clean Harbors' market value can be influenced by many factors that don't directly affect Clean Harbors' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clean Harbors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Clean Harbors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clean Harbors' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.