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

Shares of Clean Harbors, Inc. (NYSE:CLH) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings 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 12 month target price among brokers that have issued a report on the stock in the last year is $242.40.

CLH has been the subject of a number of analyst reports. Oppenheimer upped their price target on Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group raised their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Truist Financial raised their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Robert W. Baird upped their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 309 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the sale, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Lauren States sold 309 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the sale, the director now owns 13,458 shares in the company, valued at $3,284,963.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in shares of Clean Harbors in the 2nd quarter worth approximately $305,000. Clearbridge Investments LLC boosted its stake in Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after buying an additional 248,240 shares during the period. Dana Investment Advisors Inc. increased its position in Clean Harbors by 366.7% during the second quarter. Dana Investment Advisors Inc. now owns 46,645 shares of the business services provider’s stock valued at $10,549,000 after acquiring an additional 36,651 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Clean Harbors by 10.6% in the second quarter. Cetera Investment Advisers now owns 16,626 shares of the business services provider’s stock valued at $3,760,000 after acquiring an additional 1,597 shares during the period. Finally, Ecofi Investissements SA bought a new stake in shares of Clean Harbors in the 2nd quarter worth about $6,213,000. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $246.88 on Monday. Clean Harbors has a 12-month low of $132.92 and a 12-month high of $247.74. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 35.73 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average of $236.37 and a 200 day moving average of $218.22.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm posted $2.13 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts anticipate that Clean Harbors will post 7.65 earnings per share for the current year.

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.