Clean Harbors, Inc. (NYSE:CLH) Receives $270.56 Consensus PT from Brokerages

Shares of Clean Harbors, Inc. (NYSE:CLH) have received a consensus recommendation of “Buy” from the nine analysts that are presently covering the company, Marketbeat reports. One research 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 twelve-month price objective among brokerages that have issued a report on the stock in the last year is $266.56.

Several research analysts have commented on the company. Robert W. Baird cut their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. StockNews.com raised Clean Harbors from a “hold” rating to a “buy” rating in a research report on Wednesday. The Goldman Sachs Group lowered their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday. Oppenheimer lowered their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, 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, February 20th.

Clean Harbors Stock Up 0.9 %

Shares of CLH opened at $196.72 on Monday. The company has a market capitalization of $10.59 billion, a PE ratio of 26.51 and a beta of 1.22. Clean Harbors has a 12 month low of $186.54 and a 12 month high of $267.11. The stock’s 50-day moving average price is $221.86 and its two-hundred day moving average price is $237.29. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 EPS. On average, analysts anticipate that Clean Harbors will post 7.89 EPS for the current year.

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. The trade was a 2.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Eric J. Dugas bought 1,050 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 3,341 shares of company stock valued at $663,041 in the last three months. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its stake in Clean Harbors by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 39 shares during the last quarter. Icon Wealth Advisors LLC boosted its stake in Clean Harbors by 8.4% during the 3rd 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 last quarter. Traynor Capital Management Inc. boosted its stake in Clean Harbors by 3.6% during the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 50 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Clean Harbors by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 53 shares during the last quarter. Finally, Williamson Legacy Group LLC boosted its stake in Clean Harbors by 1.4% during the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock valued at $858,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 90.43% 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.