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

Shares of Clean Harbors, Inc. (NYSE:CLH) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $262.1667.

CLH has been the topic of a number of recent research reports. Zacks Research upgraded Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a research report on Monday, December 29th. The Goldman Sachs Group lifted their target price on Clean Harbors from $228.00 to $253.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Raymond James Financial decreased their price target on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 30th. Finally, Citigroup lifted their price objective on shares of Clean Harbors from $263.00 to $274.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th.

Clean Harbors Stock Down 0.2%

Shares of CLH opened at $260.89 on Thursday. The firm has a market cap of $13.94 billion, a P/E ratio of 36.18 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. Clean Harbors has a 52 week low of $178.29 and a 52 week high of $268.22. The firm’s 50-day simple moving average is $246.74 and its 200 day simple moving average is $236.93.

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 601 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the completion of the sale, the chief executive officer directly owned 50,454 shares in the company, valued at approximately $12,154,368.60. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Clean Harbors

A number of institutional investors have recently modified their holdings of the stock. Independent Advisor Alliance bought a new position in shares of Clean Harbors in the fourth quarter worth $249,000. First Eagle Investment Management LLC bought a new stake in Clean Harbors during the fourth quarter worth about $895,000. Advisor OS LLC grew its stake in Clean Harbors by 33.5% during the fourth quarter. Advisor OS LLC now owns 2,032 shares of the business services provider’s stock worth $476,000 after buying an additional 510 shares in the last quarter. NewEdge Wealth LLC increased its holdings in Clean Harbors by 38.0% in the 4th quarter. NewEdge Wealth LLC now owns 1,620 shares of the business services provider’s stock valued at $380,000 after buying an additional 446 shares during the period. Finally, Crestwood Advisors Group LLC acquired a new position in shares of Clean Harbors in the 4th quarter valued at approximately $232,000. 90.43% of the stock is currently owned by institutional investors.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.