Clean Harbors, Inc. (NYSE:CLH – Get Free Report) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $323.2308.
A number of research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Barclays raised their target price on Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Stifel Nicolaus started coverage on Clean Harbors in a research note on Friday, May 29th. They issued a “buy” rating and a $337.00 target price for the company. Raymond James Financial restated a “strong-buy” rating and issued a $320.00 target price on shares of Clean Harbors in a research note on Monday, February 23rd. Finally, Wells Fargo & Company raised their target price on Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th.
Read Our Latest Research Report on CLH
Clean Harbors Stock Up 0.0%
Clean Harbors (NYSE:CLH – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share. As a group, equities research analysts expect that Clean Harbors will post 8.5 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director Marcy L. Reed sold 836 shares of Clean Harbors stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the completion of the sale, the director directly owned 5,081 shares in the company, valued at $1,463,023.14. This trade represents a 14.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 7,308 shares of company stock valued at $2,133,467. 5.00% of the stock is owned by corporate insiders.
Institutional Trading of Clean Harbors
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Clean Harbors in the fourth quarter worth about $26,000. Quattro Advisors LLC acquired a new stake in Clean Harbors in the fourth quarter worth about $26,000. MidFirst Bank acquired a new stake in Clean Harbors in the fourth quarter worth about $28,000. Parkside Financial Bank & Trust increased its position in Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the period. Finally, Larson Financial Group LLC increased its position in Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock worth $31,000 after purchasing an additional 115 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.
Clean Harbors Company Profile
Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.
Founded in 1980 by Alan S.
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