Clean Harbors, Inc. (NYSE:CLH) Given Average Recommendation of “Buy” by Analysts

Shares of Clean Harbors, Inc. (NYSE:CLH) have received a consensus recommendation of “Buy” from the ten research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $261.40.

CLH has been the subject of a number of research reports. Truist Financial increased their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Oppenheimer increased their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Robert W. Baird decreased their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. TD Cowen initiated coverage on Clean Harbors in a report on Friday. They set a “buy” rating and a $325.00 price target for the company. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $247.88 on Friday. The business’s 50 day moving average price is $251.89 and its two-hundred day moving average price is $237.71. The company has a market cap of $13.36 billion, a PE ratio of 32.28 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors has a twelve month low of $161.39 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. Clean Harbors’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 EPS. On average, analysts predict that Clean Harbors will post 7.21 EPS for the current year.

Insider Buying and Selling

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,447 shares of company stock worth $4,576,829 over the last ninety days. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC boosted its holdings in shares of Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after buying an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. bought a new position in Clean Harbors in the 2nd quarter worth about $42,968,000. FMR LLC boosted its stake in Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 shares in the last quarter. Wellington Management Group LLP boosted its stake in Clean Harbors by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after purchasing an additional 90,756 shares in the last quarter. 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.