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

Clean Harbors, Inc. (NYSE:CLHGet Free Report) has received an average rating of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $322.0833.

Several equities analysts have recently issued reports on CLH shares. Wall Street Zen lowered Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BMO Capital Markets increased their target price on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. TD Cowen increased their target price on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Barclays increased 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. Finally, Needham & Company LLC increased their target price on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th.

Check Out Our Latest Stock Analysis on Clean Harbors

Insider Transactions at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 4,683 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total value of $1,373,945.37. Following the transaction, the executive vice president owned 48,728 shares of the company’s stock, valued at approximately $14,296,307.92. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total value of $293,000.00. Following the completion of the transaction, the chief executive officer directly owned 38,877 shares in the company, valued at $11,390,961. The trade was a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 13,597 shares of company stock valued at $3,895,286. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds have recently added to or reduced their stakes in CLH. Norges Bank bought a new stake in shares of Clean Harbors in the fourth quarter worth about $152,195,000. Durable Capital Partners LP bought a new stake in shares of Clean Harbors in the third quarter worth about $133,217,000. Nordea Investment Management AB increased its holdings in shares of Clean Harbors by 120.8% in the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after acquiring an additional 569,388 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Clean Harbors by 148.3% in the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock worth $89,287,000 after acquiring an additional 229,666 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Clean Harbors by 10.0% in the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after acquiring an additional 215,659 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Down 1.7%

Shares of CLH opened at $303.02 on Friday. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. Clean Harbors has a 12-month low of $201.34 and a 12-month high of $316.98. The firm has a market capitalization of $16.01 billion, a PE ratio of 41.06 and a beta of 0.92. The stock’s fifty day simple moving average is $295.48 and its 200-day simple moving average is $263.07.

Clean Harbors (NYSE:CLHGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, research analysts predict that Clean Harbors will post 8.38 earnings per share for the current year.

About Clean Harbors

(Get Free Report)

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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Analyst Recommendations for Clean Harbors (NYSE:CLH)

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