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

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

Several research firms have recently commented on CLH. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price target for the company. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Oppenheimer increased their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Truist Financial increased their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

Clean Harbors Stock Performance

NYSE CLH opened at $239.42 on Friday. The firm has a market cap of $12.90 billion, a P/E ratio of 31.17 and a beta of 1.24. Clean Harbors has a 52-week low of $167.28 and a 52-week high of $267.11. The business’s 50-day moving average price is $241.11 and its 200 day moving average price is $241.84. 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 (NYSE:CLH) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the business posted $1.68 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that Clean Harbors will post 7.21 earnings per share for the current year.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the sale, the chief executive officer now directly owns 55,657 shares of the company’s stock, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,446 shares of company stock worth $2,112,800 in the last ninety days. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds have recently made changes to their positions in the business. UMB Bank n.a. grew its position in Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 83 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of Clean Harbors during the 3rd quarter worth about $56,000. CENTRAL TRUST Co lifted its position in Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after buying an additional 160 shares in the last quarter. TD Private Client Wealth LLC grew its stake in Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after buying an additional 87 shares during the period. Finally, Spire Wealth Management increased its position in shares of Clean Harbors by 396.7% in the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after acquiring an additional 238 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.