Clean Harbors, Inc. (NYSE:CLH) Receives Consensus Rating of “Buy” from Brokerages

Clean Harbors, Inc. (NYSE:CLH) has received an average recommendation of “Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $269.44.

Several research analysts recently weighed in on the stock. Truist Financial upped their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a report on Thursday, January 16th. Oppenheimer upped their target price on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Finally, Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 6,051 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total value of $1,515,291.42. Following the transaction, the chief executive officer now owns 55,657 shares in the company, valued at approximately $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Speights sold 610 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the sale, the insider now owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,446 shares of company stock worth $2,112,800. Company insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds have recently modified their holdings of CLH. Hantz Financial Services Inc. grew its stake in shares of Clean Harbors by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock worth $678,000 after purchasing an additional 39 shares during the last quarter. Icon Wealth Advisors LLC lifted its holdings in Clean Harbors by 8.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock worth $140,000 after buying an additional 45 shares during the period. Traynor Capital Management Inc. grew its position in shares of Clean Harbors by 3.6% in the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock worth $334,000 after buying an additional 50 shares during the last quarter. Signaturefd LLC increased its stake in shares of Clean Harbors by 11.8% during the third quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after buying an additional 52 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Clean Harbors by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock valued at $378,000 after acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Clean Harbors stock opened at $238.36 on Friday. Clean Harbors has a 52 week low of $167.86 and a 52 week high of $267.11. The company’s 50 day moving average price is $240.30 and its two-hundred day moving average price is $242.04. The stock has a market cap of $12.85 billion, a P/E ratio of 31.04 and a beta of 1.24. 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 released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period last year, the business posted $1.68 earnings per share. On average, equities analysts predict that Clean Harbors will post 7.21 earnings per share for the current year.

About Clean Harbors

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.