Clean Harbors, Inc. (NYSE:CLH) Receives $322.08 Average PT from Analysts

Clean Harbors, Inc. (NYSE:CLH) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $322.0833.

CLH has been the subject of several analyst reports. Needham & Company LLC increased their price target on shares of Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings lowered shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Oppenheimer increased their price objective on shares of Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Finally, Truist Financial increased their price objective on shares of Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Monday, April 20th.

Clean Harbors Stock Performance

CLH stock opened at $291.55 on Friday. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 39.50 and a beta of 0.92. The firm has a 50-day simple moving average of $296.03 and a two-hundred day simple moving average of $264.67. Clean Harbors has a one year low of $201.34 and a one year high of $316.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates 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 prior year, the firm posted $1.09 earnings per share. On average, equities analysts forecast that Clean Harbors will post 8.38 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, EVP Sharon M. Gabriel sold 3,540 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $282.07, for a total value of $998,527.80. Following the transaction, the executive vice president directly owned 23,193 shares of the company’s stock, valued at $6,542,049.51. This represents a 13.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total value of $293,000.00. Following the completion of the transaction, the chief executive officer owned 38,877 shares of the company’s stock, valued at $11,390,961. This trade represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,847 shares of company stock worth $3,690,483 over the last ninety days. 5.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Edgestream Partners L.P. purchased a new stake in Clean Harbors in the first quarter valued at approximately $249,000. EverSource Wealth Advisors LLC raised its position in Clean Harbors by 0.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,948 shares of the business services provider’s stock worth $2,852,000 after buying an additional 61 shares during the last quarter. California State Teachers Retirement System raised its position in Clean Harbors by 22.5% during the 1st quarter. California State Teachers Retirement System now owns 59,158 shares of the business services provider’s stock worth $16,962,000 after buying an additional 10,858 shares during the last quarter. Rithm Capital Corp. lifted its stake in Clean Harbors by 8.1% during the 1st quarter. Rithm Capital Corp. now owns 4,000 shares of the business services provider’s stock valued at $1,147,000 after acquiring an additional 300 shares during the period. Finally, Empowered Funds LLC lifted its stake in Clean Harbors by 311.5% during the 1st quarter. Empowered Funds LLC now owns 14,940 shares of the business services provider’s stock valued at $4,284,000 after acquiring an additional 11,309 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Company Profile

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.