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

Clean Harbors, Inc. (NYSE:CLH) has earned a consensus rating of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $242.40.

Several brokerages recently issued reports on CLH. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 30th. Oppenheimer boosted their price objective on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Needham & Company LLC raised their target price on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st.

Clean Harbors Trading Up 0.2 %

Shares of Clean Harbors stock opened at $237.04 on Thursday. Clean Harbors has a 1 year low of $132.92 and a 1 year high of $247.24. The company’s fifty day simple moving average is $232.37 and its 200-day simple moving average is $213.29. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 34.30 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.25. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $2.13 EPS. As a group, sell-side analysts expect that Clean Harbors will post 7.65 EPS for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the sale, the insider now directly owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Clean Harbors in the 4th quarter valued at about $87,074,000. Clearbridge Investments LLC increased its holdings in shares of Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after purchasing an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. acquired a new stake in shares of Clean Harbors in the second quarter valued at approximately $42,968,000. Wellington Management Group LLP lifted its holdings in Clean Harbors by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after buying an additional 182,622 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in Clean Harbors by 93.1% during the 1st quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock worth $53,124,000 after buying an additional 127,498 shares in the last quarter. 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.