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

Shares of Clean Harbors, Inc. (NYSE:CLH) have received an average recommendation of “Buy” from the nine research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $254.33.

Several analysts have recently issued reports on the company. Robert W. Baird reduced their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Oppenheimer upped their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group lifted their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st.

Insider Activity at Clean Harbors

In other news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $18,955,400.64. This trade represents a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Speights sold 610 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,227 shares of company stock valued at $2,759,617 in the last quarter. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Hedge funds have recently modified their holdings of the business. Swedbank AB raised its position in Clean Harbors by 83.3% during the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after purchasing an additional 50,000 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Clean Harbors in the first quarter worth approximately $828,000. Driehaus Capital Management LLC boosted its holdings in Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock valued at $28,000,000 after acquiring an additional 18,058 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Clean Harbors by 25.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider’s stock worth $4,491,000 after purchasing an additional 4,554 shares during the last quarter. Finally, Bridges Investment Management Inc. acquired a new position in shares of Clean Harbors in the 2nd quarter worth approximately $729,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $247.39 on Tuesday. 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 capitalization of $13.33 billion, a price-to-earnings ratio of 32.21 and a beta of 1.20. Clean Harbors has a twelve month low of $158.42 and a twelve month high of $267.11. The company has a 50-day simple moving average of $249.02 and a two-hundred day simple moving average of $233.70.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 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 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 earnings per share. Analysts forecast that Clean Harbors will post 7.29 EPS 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.