Clean Harbors, Inc. Expected to Post Q2 2023 Earnings of $2.08 Per Share (NYSE:CLH)

Clean Harbors, Inc. (NYSE:CLHGet Rating) – Analysts at Oppenheimer issued their Q2 2023 earnings per share estimates for shares of Clean Harbors in a research note issued on Tuesday, January 17th. Oppenheimer analyst N. Kaye anticipates that the business services provider will earn $2.08 per share for the quarter. Oppenheimer currently has a “Outperform” rating and a $135.00 target price on the stock. The consensus estimate for Clean Harbors’ current full-year earnings is $6.88 per share. Oppenheimer also issued estimates for Clean Harbors’ Q4 2023 earnings at $1.46 EPS and FY2024 earnings at $7.23 EPS.

CLH has been the topic of several other reports. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 8th. UBS Group downgraded shares of Clean Harbors from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. in a research report on Thursday, November 3rd. Finally, Robert W. Baird lifted their target price on shares of Clean Harbors from $150.00 to $155.00 in a report on Thursday, November 3rd. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and a consensus target price of $138.78.

Clean Harbors Stock Performance

Clean Harbors stock opened at $121.99 on Wednesday. Clean Harbors has a twelve month low of $81.56 and a twelve month high of $125.41. The company has a quick ratio of 1.72, a current ratio of 2.01 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $6.60 billion, a P/E ratio of 17.58 and a beta of 1.36. The stock’s 50 day moving average is $117.17 and its 200 day moving average is $112.54.

Clean Harbors (NYSE:CLHGet Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $2.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.41. Clean Harbors had a net margin of 7.55% and a return on equity of 21.58%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.29 billion.

Institutional Trading of Clean Harbors

Institutional investors have recently made changes to their positions in the business. Signaturefd LLC boosted its stake in Clean Harbors by 112.3% in the 3rd quarter. Signaturefd LLC now owns 225 shares of the business services provider’s stock worth $25,000 after purchasing an additional 119 shares during the period. Ronald Blue Trust Inc. boosted its position in shares of Clean Harbors by 122.1% during the fourth quarter. Ronald Blue Trust Inc. now owns 231 shares of the business services provider’s stock worth $25,000 after acquiring an additional 127 shares during the last quarter. Accurate Wealth Management LLC purchased a new position in Clean Harbors during the fourth quarter valued at $28,000. First Horizon Advisors Inc. increased its holdings in Clean Harbors by 149.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 339 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 203 shares during the last quarter. Finally, Armstrong Advisory Group Inc. purchased a new stake in Clean Harbors in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 88.13% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other news, insider Robert Speights sold 3,327 shares of Clean Harbors stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of $113.71, for a total transaction of $378,313.17. Following the transaction, the insider now directly owns 36,340 shares of the company’s stock, valued at approximately $4,132,221.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Robert Speights sold 3,327 shares of the stock in a transaction on Thursday, December 29th. The shares were sold at an average price of $113.71, for a total value of $378,313.17. Following the completion of the sale, the insider now directly owns 36,340 shares of the company’s stock, valued at $4,132,221.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Alan S. Mckim sold 40,000 shares of the firm’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $120.45, for a total transaction of $4,818,000.00. Following the sale, the chief executive officer now owns 3,089,109 shares in the company, valued at $372,083,179.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,010 shares of company stock valued at $7,500,790. Company insiders own 6.60% of the company’s stock.

Clean Harbors Company Profile

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Clean Harbors, Inc provides environmental and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

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