Clean Harbors, Inc. (NYSE:CLH – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $297.93 and traded as low as $295.57. Clean Harbors shares last traded at $295.7340, with a volume of 821,895 shares.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on CLH. Wells Fargo & Company raised their price objective on Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. Wall Street Zen lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Sunday. William Blair cut shares of Clean Harbors from an “outperform” rating to a “hold” rating in a research report on Wednesday, October 21st. Robert W. Baird set a $375.00 target price on shares of Clean Harbors in a research report on Thursday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Clean Harbors in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.29.
Get Our Latest Research Report on Clean Harbors
Clean Harbors Price Performance
The company has a quick ratio of 1.80, a current ratio of 1.95 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average is $315.51 and its 200-day moving average is $297.93. The company has a market capitalization of $15.61 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.82 and a beta of 0.87.
Clean Harbors (NYSE:CLH – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The business services provider reported $3.93 EPS for the quarter, topping the consensus estimate of $3.26 by $0.67. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.73 billion. Clean Harbors had a net margin of 8.05% and a return on equity of 18.27%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same period last year, the firm posted $2.21 earnings per share. Equities analysts predict that Clean Harbors, Inc. will post 10.23 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Karyn Polito acquired 125 shares of the stock in a transaction dated Thursday, October 29th. The stock was purchased at an average cost of $314.83 per share, with a total value of $39,353.75. Following the completion of the purchase, the director owned 4,252 shares in the company, valued at approximately $1,338,657.16. The trade was a 3.03% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric Gerstenberg sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.00% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Clean Harbors during the second quarter valued at approximately $1,516,521,000. Jupiter Topco LLC purchased a new stake in Clean Harbors during the 2nd quarter valued at $477,570,000. Bessemer Group Inc. boosted its stake in Clean Harbors by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock valued at $267,239,000 after purchasing an additional 16,747 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Clean Harbors by 10.0% in the 1st quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock worth $223,202,000 after purchasing an additional 70,447 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Clean Harbors in the 2nd quarter worth $142,801,000. 90.43% of the stock is currently owned by institutional investors.
Clean Harbors Company Profile
Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.
Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.
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