Clean Harbors (NYSE:CLH) Posts Quarterly Earnings Results

Clean Harbors (NYSE:CLH) announced its quarterly earnings results on Wednesday. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19, Zacks reports. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%.

Clean Harbors Stock Performance

NYSE:CLH opened at $226.79 on Wednesday. The firm’s fifty day simple moving average is $235.02 and its 200 day simple moving average is $242.45. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors has a twelve month low of $176.02 and a twelve month high of $267.11. The firm has a market capitalization of $12.22 billion, a price-to-earnings ratio of 29.53 and a beta of 1.24.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CLH. Robert W. Baird dropped their price objective on 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 boosted their price target on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday, January 13th. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. Truist Financial raised their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $269.44.

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the sale, the director now owns 12,534 shares of the company’s stock, valued at $3,071,582.04. The trade was a 2.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,477 shares of company stock worth $374,091. Corporate insiders own 5.90% 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.