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

Clean Harbors, Inc. (NYSE:CLH) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $292.1818.

CLH has been the subject of several research reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $320.00 target price on shares of Clean Harbors in a research report on Monday, February 23rd. Robert W. Baird set a $300.00 price objective on Clean Harbors in a report on Thursday, February 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a report on Monday, December 29th. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Citigroup lifted their price target on shares of Clean Harbors from $274.00 to $302.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th.

Insider Buying and Selling at Clean Harbors

In related news, EVP Sharon M. Gabriel sold 3,540 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $282.07, for a total transaction of $998,527.80. Following the transaction, the executive vice president directly owned 23,193 shares in the company, valued at $6,542,049.51. This trade represents a 13.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Welch sold 750 shares of Clean Harbors stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $273.07, for a total value of $204,802.50. Following the completion of the transaction, the director directly owned 10,237 shares in the company, valued at $2,795,417.59. This trade represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,679 shares of company stock worth $2,132,403 in the last 90 days. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CLH. Elyxium Wealth LLC bought a new position in shares of Clean Harbors during the fourth quarter valued at about $26,000. Quattro Advisors LLC bought a new position in Clean Harbors during the 4th quarter valued at approximately $26,000. MidFirst Bank purchased a new stake in Clean Harbors in the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust grew its position in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of Clean Harbors during the third quarter valued at approximately $30,000. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.4%

CLH stock opened at $293.67 on Monday. The stock has a 50-day simple moving average of $260.22 and a two-hundred day simple moving average of $241.74. Clean Harbors has a twelve month low of $178.29 and a twelve month high of $294.94. The firm has a market capitalization of $15.54 billion, a PE ratio of 40.34 and a beta of 0.92. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.59 by $0.03. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share. On average, equities analysts predict that Clean Harbors will post 7.89 EPS for the current fiscal year.

Clean Harbors Company Profile

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.