Analysts Set Clean Harbors, Inc. (NYSE:CLH) PT at $262.45

Clean Harbors, Inc. (NYSE:CLH) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $262.4545.

CLH has been the subject of a number of recent research reports. Oppenheimer lifted their price target on shares of Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. UBS Group lifted their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Barclays assumed coverage on shares of Clean Harbors in a report on Friday, September 19th. They issued an “equal weight” rating and a $253.00 target price for the company. BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Raymond James Financial lifted their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 31st.

Clean Harbors Trading Up 0.5%

Shares of NYSE CLH opened at $228.51 on Friday. Clean Harbors has a 1 year low of $178.29 and a 1 year high of $267.11. The stock has a market cap of $12.26 billion, a P/E ratio of 32.09 and a beta of 1.18. The firm has a 50-day moving average of $238.63 and a 200 day moving average of $226.03. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period last year, the company posted $2.46 EPS. Clean Harbors’s revenue was down .2% on a year-over-year basis. As a group, sell-side analysts expect that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Activity

In other Clean Harbors news, Director Andrea Robertson sold 836 shares of Clean Harbors stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $233.64, for a total value of $195,323.04. Following the completion of the transaction, the director directly owned 9,888 shares of the company’s stock, valued at approximately $2,310,232.32. The trade was a 7.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Louis Battles acquired 2,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $233.50 per share, with a total value of $467,000.00. Following the completion of the acquisition, the chief executive officer directly owned 82,911 shares of the company’s stock, valued at $19,359,718.50. The trade was a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of Clean Harbors by 22.8% during the second quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 43 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Clean Harbors by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider’s stock valued at $3,636,000 after purchasing an additional 48 shares during the last quarter. MAI Capital Management raised its holdings in shares of Clean Harbors by 6.1% during the second quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 48 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Clean Harbors by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider’s stock valued at $2,044,000 after purchasing an additional 52 shares during the last quarter. Finally, SkyView Investment Advisors LLC raised its holdings in shares of Clean Harbors by 2.3% during the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 53 shares during the last quarter. 90.43% of the stock is 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.