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

Clean Harbors, Inc. (NYSE:CLH) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $257.67.

CLH has been the topic of a number of research reports. Stifel Nicolaus decreased their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Truist Financial dropped their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Needham & Company LLC dropped their price target on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Oppenheimer reduced their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Robert W. Baird lifted their price objective on Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, May 1st.

Clean Harbors Trading Down 0.4 %

Shares of Clean Harbors stock opened at $225.76 on Tuesday. Clean Harbors has a 1 year low of $178.29 and a 1 year high of $267.11. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 30.43 and a beta of 1.19. The business has a fifty day simple moving average of $202.82 and a two-hundred day simple moving average of $226.12. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business earned $1.29 EPS. Clean Harbors’s quarterly revenue was up 4.0% on a year-over-year basis. Research analysts forecast that Clean Harbors will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other news, insider Robert Speights sold 2,725 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its holdings in Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after purchasing an additional 8,639 shares during the last quarter. Virtu Financial LLC bought a new stake in Clean Harbors during the third quarter valued at $343,000. Wilmington Savings Fund Society FSB bought a new position in shares of Clean Harbors in the 3rd quarter worth about $108,000. Franklin Resources Inc. lifted its stake in shares of Clean Harbors by 24.2% in the 3rd quarter. Franklin Resources Inc. now owns 205,295 shares of the business services provider’s stock valued at $53,313,000 after purchasing an additional 39,976 shares during the period. Finally, GAMMA Investing LLC grew its stake in Clean Harbors by 10.1% during the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock worth $142,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds 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.