Clean Harbors, Inc. (NYSE:CLH) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Clean Harbors, Inc. (NYSE:CLH) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $257.67.

Several analysts have commented on the company. Robert W. Baird increased their target price on Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. UBS Group dropped their price target on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Needham & Company LLC dropped their price target on Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Truist Financial dropped their price target on Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd.

Clean Harbors Trading Down 0.5%

CLH opened at $227.72 on Friday. The business has a 50 day simple moving average of $228.78 and a two-hundred day simple moving average of $220.01. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 31.54 and a beta of 1.16. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. Clean Harbors has a one year low of $178.29 and a one year high of $267.11.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. Analysts predict that Clean Harbors will post 7.89 EPS for the current year.

Insider Buying and Selling

In related news, insider Robert Speights sold 1,022 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total value of $233,516.78. Following the completion of the transaction, the insider owned 16,310 shares of the company’s stock, valued at $3,726,671.90. The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the completion of the transaction, the chief executive officer directly owned 51,619 shares of the company’s stock, valued at $11,626,147.37. This trade represents a 13.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,112 shares of company stock valued at $3,416,406 in the last quarter. 5.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Clean Harbors

A number of large investors have recently made changes to their positions in the stock. Hopwood Financial Services Inc. acquired a new stake in Clean Harbors during the 1st quarter worth about $30,000. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors during the 4th quarter worth about $32,000. Banque Cantonale Vaudoise acquired a new stake in Clean Harbors during the 1st quarter worth about $48,000. Quarry LP acquired a new stake in Clean Harbors during the 1st quarter worth about $48,000. Finally, Blue Trust Inc. grew its position in Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock worth $54,000 after purchasing an additional 56 shares during the period. 90.43% of the stock is owned by hedge funds and other 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.