Clean Harbors, Inc. (NYSE:CLH) Receives Average Rating of “Buy” from Brokerages

Clean Harbors, Inc. (NYSE:CLH) has received a consensus recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $207.90.

Several equities research analysts have recently commented on CLH shares. Oppenheimer lifted their target price on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. Truist Financial raised their price target on Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Stifel Nicolaus restated a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research report on Monday. Finally, BMO Capital Markets raised their price target on Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th.

Clean Harbors Stock Down 0.7 %

NYSE CLH opened at $194.53 on Friday. The stock has a fifty day moving average of $192.20 and a 200-day moving average of $175.70. The stock has a market capitalization of $10.63 billion, a P/E ratio of 27.99 and a beta of 1.24. Clean Harbors has a 52 week low of $129.70 and a 52 week high of $204.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $1.44 EPS. On average, equities research analysts forecast that Clean Harbors will post 7.38 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the transaction, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the sale, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares in the company, valued at $12,646,773.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,185 shares of company stock worth $4,819,554. Corporate insiders own 6.70% of the company’s stock.

Institutional Trading of Clean Harbors

A number of institutional investors have recently modified their holdings of CLH. Aubrey Capital Management Ltd acquired a new stake in shares of Clean Harbors in the first quarter valued at about $2,335,000. Simplicity Wealth LLC acquired a new stake in shares of Clean Harbors in the first quarter valued at about $963,000. Louisiana State Employees Retirement System increased its position in shares of Clean Harbors by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the business services provider’s stock valued at $2,919,000 after acquiring an additional 400 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in shares of Clean Harbors by 4.0% in the first quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock valued at $259,000 after acquiring an additional 50 shares during the last quarter. Finally, Monument Capital Management increased its position in shares of Clean Harbors by 16.7% in the first quarter. Monument Capital Management now owns 12,961 shares of the business services provider’s stock valued at $2,609,000 after acquiring an additional 1,853 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. 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 offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.