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

Shares of Clean Harbors, Inc. (NYSE:CLH) have earned an average rating of “Buy” from the nine analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $269.44.

CLH has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, January 16th. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Oppenheimer upped their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. TD Cowen initiated coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Finally, Robert W. Baird dropped their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 861 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This represents a 1.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren States sold 308 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock worth $444,558 in the last three months. 5.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

Institutional investors have recently made changes to their positions in the stock. Kapitalo Investimentos Ltda bought a new position in shares of Clean Harbors during the 4th quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 205 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Clean Harbors during the 3rd quarter valued at $56,000. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Down 2.4 %

CLH opened at $221.21 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 28.80 and a beta of 1.24. Clean Harbors has a twelve month low of $176.02 and a twelve month high of $267.11. The company’s 50-day moving average price is $234.40 and its two-hundred day moving average price is $242.30.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. As a group, equities analysts expect that Clean Harbors will post 7.21 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.