Clean Harbors, Inc. (NYSE:CLH) Receives $216.40 Average PT from Analysts

Clean Harbors, Inc. (NYSE:CLH) has received a consensus rating of “Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $218.40.

CLH has been the subject of several research analyst reports. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. BMO Capital Markets raised their price target on shares of Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Stifel Nicolaus reissued a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. Raymond James raised their price target on shares of Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 2nd. Finally, Robert W. Baird raised their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $227.11 on Wednesday. The firm has a market capitalization of $12.25 billion, a P/E ratio of 32.87 and a beta of 1.21. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average price of $219.06 and a 200 day moving average price of $196.41. Clean Harbors has a 52 week low of $132.92 and a 52 week high of $231.15.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. Clean Harbors’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm posted $1.36 EPS. Sell-side analysts expect that Clean Harbors will post 7.47 EPS for the current year.

Insider Activity

In related news, Director Lauren States sold 1,148 shares of Clean Harbors stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the sale, the director now owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lauren States sold 1,148 shares of Clean Harbors stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the sale, the director now owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric J. Dugas sold 6,200 shares of Clean Harbors stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the completion of the sale, the chief financial officer now directly owns 21,482 shares in the company, valued at approximately $4,484,152.68. The disclosure for this sale can be found here. Insiders sold a total of 57,348 shares of company stock valued at $12,320,113 in the last three months. 5.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clean Harbors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Grayhawk Investment Strategies Inc. acquired a new stake in Clean Harbors during the 4th quarter worth $732,000. Capstone Investment Advisors LLC acquired a new position in shares of Clean Harbors during the 4th quarter valued at about $691,000. International Assets Investment Management LLC acquired a new position in shares of Clean Harbors during the 4th quarter valued at about $2,710,000. Mountain Pacific Investment Advisers Inc. ID acquired a new position in shares of Clean Harbors during the 1st quarter valued at about $14,161,000. Finally, Perpetual Ltd boosted its position in shares of Clean Harbors by 9.6% during the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after acquiring an additional 4,606 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

About Clean Harbors

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.