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

Clean Harbors, Inc. (NYSE:CLH) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $271.00.

Several brokerages recently commented on CLH. TD Cowen began coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. Needham & Company LLC dropped their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Oppenheimer boosted their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Stifel Nicolaus upped their target price on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. 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 research note on Thursday, October 31st.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 610 shares of the company’s 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 sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. This represents a 1.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the sale, the director now owns 12,534 shares of the company’s stock, valued at approximately $3,071,582.04. The trade was a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,446 shares of company stock valued at $2,119,483. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of Clean Harbors

Several large investors have recently modified their holdings of CLH. Hantz Financial Services Inc. boosted its stake in Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock worth $678,000 after acquiring an additional 39 shares in the last quarter. Icon Wealth Advisors LLC raised its holdings in shares of Clean Harbors by 8.4% during the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 45 shares during the period. Signaturefd LLC boosted 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 worth $119,000 after purchasing an additional 52 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Clean Harbors by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock valued at $378,000 after buying an additional 53 shares during the period. Finally, GAMMA Investing LLC increased its position in Clean Harbors by 10.1% in the 4th quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock valued at $142,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Up 1.0 %

Shares of CLH stock opened at $231.77 on Wednesday. Clean Harbors has a fifty-two week low of $161.39 and a fifty-two week high of $267.11. The stock’s fifty day moving average price is $245.42 and its two-hundred day moving average price is $240.76. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The company has a market cap of $12.49 billion, a PE ratio of 30.18 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business 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 business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. Equities analysts predict that Clean Harbors will post 7.21 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.