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

Shares of Clean Harbors, Inc. (NYSE:CLH) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $269.44.

Several analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC reiterated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. Robert W. Baird dropped their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Oppenheimer increased their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Finally, TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price for the company.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Speights sold 610 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This trade represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,446 shares of company stock valued at $2,112,800. Company insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

A number of hedge funds have recently made changes to their positions in CLH. UMB Bank n.a. lifted its holdings in Clean Harbors by 63.4% in the third 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 period. Prospera Private Wealth LLC acquired a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $56,000. CENTRAL TRUST Co boosted its holdings in shares of Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 160 shares in the last quarter. Spire Wealth Management increased its stake in shares of Clean Harbors by 396.7% during the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 238 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Down 1.0 %

Shares of NYSE:CLH opened at $239.42 on Friday. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 31.17 and a beta of 1.24. The company has a 50 day moving average of $241.11 and a two-hundred day moving average of $241.84. Clean Harbors has a 52-week low of $167.28 and a 52-week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $1.68 earnings per share. Clean Harbors’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts forecast that Clean Harbors will post 7.21 earnings per share 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.