Brokerages Set Clean Harbors, Inc. (NYSE:CLH) Price Target at $323.23

Clean Harbors, Inc. (NYSE:CLH) has received a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $323.2308.

A number of equities analysts have recently weighed in on CLH shares. Stifel Nicolaus began coverage on shares of Clean Harbors in a research note on Friday, May 29th. They set a “buy” rating and a $337.00 price target on the stock. Needham & Company LLC increased their price objective on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Truist Financial upped their price objective on shares of Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Monday, April 20th. TD Cowen raised their price objective on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Robert W. Baird upped their target price on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th.

Clean Harbors Stock Up 1.3%

Shares of NYSE CLH opened at $298.35 on Friday. The business has a 50-day moving average price of $292.29 and a 200 day moving average price of $280.63. The stock has a market cap of $15.77 billion, a PE ratio of 40.43 and a beta of 0.86. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. Clean Harbors has a 52-week low of $201.34 and a 52-week high of $316.98.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 EPS. Equities research analysts forecast that Clean Harbors will post 8.5 earnings per share for the current year.

Insider Activity

In related news, Director Lauren States sold 789 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the sale, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its position in Clean Harbors by 57.4% in the 4th quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock valued at $14,683,000 after buying an additional 22,827 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Clean Harbors by 2.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock valued at $86,963,000 after purchasing an additional 8,145 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in Clean Harbors by 86.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock worth $14,654,000 after purchasing an additional 29,176 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Clean Harbors by 120.8% in the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after purchasing an additional 569,388 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of Clean Harbors during the 4th quarter valued at approximately $938,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

About Clean Harbors

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.