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

Shares of Clean Harbors, Inc. (NYSE:CLH) have been given an average recommendation of “Buy” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $254.33.

Several equities research analysts have issued reports on CLH shares. The Goldman Sachs Group boosted their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird reduced 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 report on Thursday, October 31st. Stifel Nicolaus restated a “buy” rating and issued a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Finally, Needham & Company LLC dropped their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.

Clean Harbors Stock Up 1.1 %

CLH opened at $263.10 on Tuesday. The stock’s fifty day simple moving average is $247.50 and its 200 day simple moving average is $232.24. Clean Harbors has a 1-year low of $158.42 and a 1-year high of $267.11. The stock has a market cap of $14.18 billion, a PE ratio of 34.26 and a beta of 1.20. 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 (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. Clean Harbors’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 earnings per share. As a group, research analysts expect that Clean Harbors will post 7.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the transaction, the director now directly owns 13,150 shares in the company, valued at approximately $3,428,731. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the transaction, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Speights sold 610 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,227 shares of company stock worth $2,759,617 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors have recently added to or reduced their stakes in CLH. Innealta Capital LLC bought a new position in Clean Harbors in the second quarter valued at about $25,000. UMB Bank n.a. boosted its position in Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after buying an additional 83 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Clean Harbors during the 2nd quarter worth approximately $56,000. Prospera Private Wealth LLC acquired a new position in Clean Harbors in the 3rd quarter valued at approximately $56,000. Finally, CENTRAL TRUST Co raised its stake in shares of Clean Harbors by 161.6% during the third 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 last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.