Analysts Set Clean Harbors, Inc. (NYSE:CLH) Price Target at $254.33

Shares of Clean Harbors, Inc. (NYSE:CLH) have received a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $254.33.

CLH has been the subject of a number of analyst reports. Oppenheimer boosted their price objective on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Stifel Nicolaus reissued a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Needham & Company LLC dropped their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Truist Financial lifted their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st.

Insider Activity

In other news, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,227 shares of company stock worth $2,759,617. 5.90% of the stock is owned by corporate insiders.

Institutional Trading of Clean Harbors

Several large investors have recently modified their holdings of CLH. Innealta Capital LLC acquired a new position in Clean Harbors during the 2nd quarter worth $25,000. UMB Bank n.a. lifted its position in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Clean Harbors during the 2nd quarter valued at approximately $56,000. Prospera Private Wealth LLC acquired a new stake in Clean Harbors in the 3rd quarter valued at approximately $56,000. Finally, CENTRAL TRUST Co increased its position in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after buying an additional 160 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

Clean Harbors stock opened at $250.52 on Tuesday. Clean Harbors has a 52 week low of $158.42 and a 52 week high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a market cap of $13.50 billion, a P/E ratio of 32.62 and a beta of 1.20. The stock has a 50 day moving average of $248.71 and a 200-day moving average of $233.02.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. On average, analysts expect that Clean Harbors will post 7.29 EPS for the current fiscal year.

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.