Clean Harbors, Inc. (NYSE:CLH) Given Consensus Recommendation of “Buy” by Brokerages

Clean Harbors, Inc. (NYSE:CLH) has received a consensus rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $250.89.

Several analysts recently weighed in on CLH shares. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Robert W. Baird lifted their price objective on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. The Goldman Sachs Group increased their target price on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer increased their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $258.02 on Friday. The business’s 50 day moving average price is $244.63 and its 200 day moving average price is $226.53. The company has a market cap of $13.92 billion, a price-to-earnings ratio of 37.34 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors has a one year low of $132.92 and a one year high of $261.81.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.13 EPS. On average, research analysts predict that Clean Harbors will post 7.65 EPS for the current year.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 309 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now owns 13,458 shares in the company, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Lauren States sold 309 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock worth $2,613,132 in the last three months. Insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CLH. Moody National Bank Trust Division boosted its position in shares of Clean Harbors by 1.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock worth $1,095,000 after purchasing an additional 47 shares in the last quarter. Quent Capital LLC boosted its holdings in Clean Harbors by 6.9% during the second quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after buying an additional 47 shares in the last quarter. Fifth Third Bancorp grew its position in Clean Harbors by 10.5% during the second quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after buying an additional 50 shares during the period. MJP Associates Inc. ADV increased its holdings in Clean Harbors by 1.1% in the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock valued at $1,071,000 after buying an additional 51 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Clean Harbors by 11.8% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.