Clean Harbors, Inc. (NYSE:CLH) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Clean Harbors, Inc. (NYSE:CLH) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $257.67.

Several equities analysts have commented on CLH shares. Robert W. Baird lifted their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC dropped their target price on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Truist Financial dropped their target price on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their target price on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $225.88 on Friday. Clean Harbors has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The stock has a market cap of $12.10 billion, a price-to-earnings ratio of 30.44 and a beta of 1.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The firm’s 50-day simple moving average is $215.39 and its 200 day simple moving average is $223.19.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the firm earned $1.29 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alison A. Quirk sold 893 shares of Clean Harbors stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $223.69, for a total transaction of $199,755.17. Following the completion of the transaction, the director now owns 2,978 shares of the company’s stock, valued at $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,726 shares of company stock valued at $1,426,937. 5.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Kapitalo Investimentos Ltda purchased a new position in Clean Harbors in the 4th quarter valued at approximately $32,000. Hopwood Financial Services Inc. purchased a new position in Clean Harbors in the 1st quarter valued at approximately $30,000. Skandinaviska Enskilda Banken AB publ grew its stake in Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after buying an additional 159 shares in the last quarter. Allworth Financial LP grew its stake in Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after buying an additional 103 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after buying an additional 205 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other 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.