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

Clean Harbors, Inc. (NYSE:CLH) has received a consensus recommendation of “Buy” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $207.90.

CLH has been the topic of a number of recent analyst reports. Needham & Company LLC raised their price target on shares of Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Truist Financial increased their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Oppenheimer increased their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a research report on Monday. Finally, BMO Capital Markets increased their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th.

Clean Harbors Stock Down 0.7 %

Shares of CLH opened at $194.53 on Friday. The firm has a market capitalization of $10.63 billion, a P/E ratio of 27.99 and a beta of 1.24. Clean Harbors has a 12-month low of $129.70 and a 12-month high of $204.06. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02. The firm has a fifty day moving average price of $192.20 and a 200-day moving average price of $175.70.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the business earned $1.44 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that Clean Harbors will post 7.38 earnings per share for the current year.

Insider Activity at Clean Harbors

In related news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the transaction, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,185 shares of company stock valued at $4,819,554. 6.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new stake in Clean Harbors in the 4th quarter valued at about $2,710,000. Vontobel Holding Ltd. raised its holdings in Clean Harbors by 12.5% in the 4th quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock valued at $106,803,000 after buying an additional 67,809 shares during the period. Strs Ohio raised its holdings in Clean Harbors by 5.7% in the 3rd quarter. Strs Ohio now owns 194,413 shares of the business services provider’s stock valued at $32,536,000 after buying an additional 10,527 shares during the period. MJP Associates Inc. ADV raised its holdings in Clean Harbors by 27.4% in the 4th quarter. MJP Associates Inc. ADV now owns 4,096 shares of the business services provider’s stock valued at $715,000 after buying an additional 881 shares during the period. Finally, Deutsche Bank AG raised its holdings in Clean Harbors by 3,711.0% in the 3rd quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock valued at $46,406,000 after buying an additional 270,009 shares during the period. Hedge funds and other 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.