Clean Harbors, Inc. (NYSE:CLH) Receives $266.56 Average Price Target from Analysts

Shares of Clean Harbors, Inc. (NYSE:CLH) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $260.40.

A number of research analysts have issued reports on CLH shares. Oppenheimer decreased their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus decreased their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. StockNews.com cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a research report on Thursday. The Goldman Sachs Group decreased their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Finally, BMO Capital Markets dropped their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th.

Insider Buying and Selling

In related news, CFO Eric J. Dugas acquired 1,050 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now directly owns 11,918 shares of the company’s stock, valued at $2,726,719.22. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,341 shares of company stock valued at $663,041 over the last 90 days. 5.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors have recently modified their holdings of CLH. Kapitalo Investimentos Ltda bought a new position in Clean Harbors during the fourth quarter worth $32,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after acquiring an additional 159 shares in the last quarter. Allworth Financial LP raised its position in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 205 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new stake in shares of Clean Harbors during the 4th quarter valued at about $56,000. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $200.20 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a market cap of $10.78 billion, a PE ratio of 26.98 and a beta of 1.11. The company has a 50 day moving average of $206.23 and a 200-day moving average of $231.21. Clean Harbors has a 1-year low of $178.29 and a 1-year high of $267.11.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company earned $1.82 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

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.