Clean Harbors, Inc. (NYSE:CLH) Receives $269.44 Average Target Price from Brokerages

Clean Harbors, Inc. (NYSE:CLH) has been given a consensus rating of “Buy” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities 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 1 year target price among brokerages that have updated their coverage on the stock in the last year is $270.56.

A number of research analysts have recently weighed in on the company. Truist Financial cut their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. StockNews.com lowered Clean Harbors from a “buy” rating to a “hold” rating in a research report on Tuesday. TD Cowen assumed coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. Stifel Nicolaus cut their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th.

Clean Harbors Price Performance

NYSE:CLH opened at $213.07 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The business’s 50-day simple moving average is $231.51 and its two-hundred day simple moving average is $241.72. The stock has a market cap of $11.48 billion, a PE ratio of 28.72 and a beta of 1.24. Clean Harbors has a 52 week low of $180.37 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.82 earnings per share. As a group, analysts forecast that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 924 shares of company stock worth $219,570. Corporate insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLH. Pictet Asset Management Holding SA lifted its stake in Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock worth $381,602,000 after purchasing an additional 697,630 shares during the last quarter. Norges Bank bought a new stake in Clean Harbors in the fourth quarter worth about $136,974,000. Wellington Management Group LLP lifted its stake in Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock worth $930,707,000 after purchasing an additional 592,341 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Clean Harbors in the fourth quarter worth about $57,956,000. Finally, FMR LLC lifted its stake in Clean Harbors by 12.0% in the third 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 during the last quarter. Hedge funds and other institutional investors 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.