Clean Harbors (NYSE:CLH) Hits New 1-Year High at $218.25

Clean Harbors, Inc. (NYSE:CLH)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $218.25 and last traded at $217.69, with a volume of 16491 shares traded. The stock had previously closed at $214.90.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CLH. BMO Capital Markets boosted their price target on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Robert W. Baird boosted their price target on Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Needham & Company LLC reissued a “buy” rating and set a $235.00 price target on shares of Clean Harbors in a report on Thursday, May 2nd. Raymond James boosted their price target on Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 2nd. Finally, Truist Financial boosted their price objective on Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $216.40.

Clean Harbors Trading Up 0.7 %

The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average of $200.84 and a 200 day moving average of $182.59. The company has a market cap of $11.67 billion, a P/E ratio of 31.12 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business earned $1.36 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that Clean Harbors, Inc. will post 7.47 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, Director John T. Preston sold 1,913 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director John T. Preston sold 1,913 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the transaction, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders sold a total of 31,385 shares of company stock valued at $6,113,742 over the last ninety days. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently bought and sold shares of CLH. Norges Bank bought a new position in shares of Clean Harbors in the fourth quarter worth $87,074,000. Deutsche Bank AG boosted its holdings in shares of Clean Harbors by 3,711.0% in the third quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock worth $46,406,000 after acquiring an additional 270,009 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Clean Harbors by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after acquiring an additional 182,622 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Clean Harbors by 61.6% in the third quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock worth $65,983,000 after acquiring an additional 150,251 shares during the period. Finally, DAVENPORT & Co LLC bought a new position in shares of Clean Harbors in the fourth quarter worth $23,999,000. 90.43% of the stock is owned by institutional investors.

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.