Clean Harbors, Inc. (NYSE:CLH) Receives $216.40 Average PT from Analysts

Clean Harbors, Inc. (NYSE:CLH) has received a consensus rating of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $218.40.

A number of research firms have issued reports on CLH. Truist Financial boosted their price target on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. BMO Capital Markets boosted their price target on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Stifel Nicolaus reissued a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. Raymond James boosted their price target on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $235.00 price target on shares of Clean Harbors in a research report on Thursday, May 2nd.

Insider Transactions at Clean Harbors

In related news, CFO Eric J. Dugas sold 6,200 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the transaction, the chief financial officer now owns 21,482 shares in the company, valued at $4,484,152.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Eric J. Dugas sold 6,200 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the transaction, the chief financial officer now owns 21,482 shares in the company, valued at $4,484,152.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lauren States sold 1,148 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the transaction, the director now owns 13,767 shares in the company, valued at approximately $3,003,133.38. The disclosure for this sale can be found here. Insiders sold 57,348 shares of company stock valued at $12,320,113 over the last quarter. Company insiders own 5.90% of the company’s stock.

Institutional Trading of Clean Harbors

Several institutional investors and hedge funds have recently bought and sold shares of CLH. Teachers Retirement System of The State of Kentucky raised its position in shares of Clean Harbors by 40.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 28,935 shares of the business services provider’s stock worth $4,843,000 after purchasing an additional 8,298 shares during the period. Fulton Bank N.A. raised its position in shares of Clean Harbors by 19.4% during the 4th quarter. Fulton Bank N.A. now owns 2,854 shares of the business services provider’s stock worth $498,000 after purchasing an additional 464 shares during the period. Covea Finance raised its position in shares of Clean Harbors by 42.9% during the 4th quarter. Covea Finance now owns 10,000 shares of the business services provider’s stock worth $1,745,000 after purchasing an additional 3,000 shares during the period. Moody National Bank Trust Division acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $829,000. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $25,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $236.27 on Wednesday. The company has a market cap of $12.74 billion, a P/E ratio of 34.19 and a beta of 1.21. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. Clean Harbors has a 52 week low of $132.92 and a 52 week high of $236.78. The business has a fifty day simple moving average of $219.84 and a 200-day simple moving average of $197.47.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 earnings per share. Equities research analysts forecast that Clean Harbors will post 7.47 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.