Clean Harbors (NYSE:CLH) Hits New 1-Year High at $219.28

Shares of Clean Harbors, Inc. (NYSE:CLHGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $219.28 and last traded at $217.63, with a volume of 11776 shares changing hands. The stock had previously closed at $216.59.

Analyst Ratings Changes

Several brokerages have recently weighed in on CLH. BMO Capital Markets upped their price objective on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Robert W. Baird upped their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Oppenheimer lifted their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Finally, Truist Financial lifted their price target on shares of Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $216.40.

Read Our Latest Research Report on CLH

Clean Harbors Trading Down 1.5 %

The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 30.75 and a beta of 1.22. The company has a 50-day moving average price of $204.75 and a 200 day moving average price of $186.22.

Clean Harbors (NYSE:CLHGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.36 EPS. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.47 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 15,276 shares of Clean Harbors stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Lauren States sold 1,148 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the transaction, the director now owns 13,767 shares in the company, valued at $3,003,133.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of Clean Harbors stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,533 shares of company stock valued at $6,364,167. Corporate insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC bought a new position in Clean Harbors during the first quarter valued at about $27,000. Contravisory Investment Management Inc. acquired a new position in shares of Clean Harbors during the 4th quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Clean Harbors in the 3rd quarter valued at approximately $25,000. GAMMA Investing LLC lifted its holdings in Clean Harbors by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after purchasing an additional 56 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new stake in Clean Harbors during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

About Clean Harbors

(Get Free Report)

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.

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