Clean Harbors, Inc. (NYSE:CLH) Receives $269.44 Consensus Price Target from Analysts

Clean Harbors, Inc. (NYSE:CLH) has earned an average recommendation of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $269.44.

A number of analysts have recently issued reports on CLH shares. Robert W. Baird lowered their target price 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. Needham & Company LLC reissued a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, January 16th. Oppenheimer raised their target price on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Truist Financial boosted 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. Finally, Stifel Nicolaus raised their price objective on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Clean Harbors Stock Down 0.9 %

Shares of NYSE:CLH opened at $235.89 on Friday. The firm has a market capitalization of $12.71 billion, a PE ratio of 30.71 and a beta of 1.24. The business has a 50 day simple moving average of $240.78 and a two-hundred day simple moving average of $242.11. Clean Harbors has a 1 year low of $167.86 and a 1 year high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data 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). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. Clean Harbors’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts predict that Clean Harbors will post 7.21 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24. Following the transaction, the director now directly owns 12,842 shares in the company, valued at $3,207,674.76. The trade was a 2.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,446 shares of company stock valued at $2,112,800. 5.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

Hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. grew its holdings in shares of Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after buying an additional 83 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Clean Harbors in the 3rd quarter worth approximately $56,000. CENTRAL TRUST Co lifted its stake in Clean Harbors by 161.6% during the 3rd 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 during the period. Spire Wealth Management increased its stake in shares of Clean Harbors by 396.7% in the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after acquiring an additional 238 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in Clean Harbors by 42.6% during the third 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 during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.