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

Clean Harbors, Inc. (NYSE:CLHGet Free Report) has been assigned a consensus rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $186.30.

Several brokerages recently commented on CLH. Stifel Nicolaus upped their price target on shares of Clean Harbors from $180.00 to $206.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. BMO Capital Markets cut their price target on shares of Clean Harbors from $186.00 to $176.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. Wolfe Research initiated coverage on shares of Clean Harbors in a research note on Tuesday, October 17th. They set an “outperform” rating and a $184.00 price target on the stock. Wells Fargo & Company initiated coverage on shares of Clean Harbors in a research note on Friday, December 8th. They set an “overweight” rating and a $190.00 price target on the stock. Finally, Raymond James cut their price target on shares of Clean Harbors from $200.00 to $190.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 2nd.

View Our Latest Analysis on CLH

Clean Harbors Stock Performance

NYSE:CLH opened at $179.88 on Friday. The firm has a 50 day simple moving average of $171.54 and a 200-day simple moving average of $167.12. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.00 and a quick ratio of 1.68. The firm has a market cap of $9.84 billion, a PE ratio of 27.01 and a beta of 1.24. Clean Harbors has a 1-year low of $125.57 and a 1-year high of $180.22.

Insider Transactions at Clean Harbors

In other news, insider Alan S. Mckim sold 28,389 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $164.50, for a total value of $4,669,990.50. Following the completion of the sale, the insider now owns 2,736,275 shares of the company’s stock, valued at $450,117,237.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Alan S. Mckim sold 17,453 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $178.37, for a total transaction of $3,113,091.61. Following the completion of the sale, the insider now directly owns 2,672,211 shares of the company’s stock, valued at approximately $476,642,276.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alan S. Mckim sold 28,389 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $164.50, for a total transaction of $4,669,990.50. Following the sale, the insider now directly owns 2,736,275 shares of the company’s stock, valued at $450,117,237.50. The disclosure for this sale can be found here. Insiders sold 53,964 shares of company stock valued at $9,121,999 over the last 90 days. Corporate insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Large investors have recently added to or reduced their stakes in the company. Millburn Ridgefield Corp acquired a new stake in Clean Harbors during the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in Clean Harbors during the 3rd quarter worth $25,000. Contravisory Investment Management Inc. acquired a new position in Clean Harbors during the 4th quarter worth $25,000. Hollencrest Capital Management acquired a new position in Clean Harbors during the 2nd quarter worth $28,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Clean Harbors by 76.0% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 264 shares of the business services provider’s stock worth $30,000 after acquiring an additional 114 shares in the last quarter. 90.99% of the stock is owned by institutional investors and hedge funds.

About Clean Harbors

(Get Free Report

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments: The Environmental Services and The 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.

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Analyst Recommendations for Clean Harbors (NYSE:CLH)

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