Clean Harbors, Inc. (NYSE:CLH – Get Free Report) has earned an average rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $354.5714.
A number of brokerages recently issued reports on CLH. BMO Capital Markets boosted their price target on Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Wells Fargo & Company lifted their target price on Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. TD Cowen upped their target price on Clean Harbors from $335.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Oppenheimer restated an “outperform” rating and issued a $350.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Finally, Robert W. Baird increased their target price on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th.
Get Our Latest Stock Report on Clean Harbors
Clean Harbors Stock Performance
Clean Harbors (NYSE:CLH – Get Free Report) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.36 earnings per share. Analysts predict that Clean Harbors will post 9.51 earnings per share for the current year.
Insider Buying and Selling at Clean Harbors
In other news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the sale, the director owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Clean Harbors
A number of hedge funds and other institutional investors have recently bought and sold shares of CLH. Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its position in Clean Harbors by 94.4% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock valued at $4,874,000 after acquiring an additional 8,252 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in Clean Harbors during the fourth quarter worth $938,000. Tudor Investment Corp ET AL increased its holdings in Clean Harbors by 86.0% in the third quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock valued at $14,654,000 after buying an additional 29,176 shares in the last quarter. Swedbank AB boosted its stake in shares of Clean Harbors by 7.1% during the 4th quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock worth $35,172,000 after acquiring an additional 10,000 shares in the last quarter. Finally, New York Life Investment Management LLC purchased a new position in shares of Clean Harbors in the 4th quarter valued at about $1,065,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.
About Clean Harbors
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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