Clean Harbors, Inc. (NYSE:CLH) Receives $261.40 Average Price Target from Brokerages

Shares of Clean Harbors, Inc. (NYSE:CLH) have been given a consensus recommendation of “Buy” by the nine research firms that are presently covering the firm, MarketBeat reports. One 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 target among brokers that have issued ratings on the stock in the last year is $269.33.

Several research firms have recently weighed in on CLH. Truist Financial upped their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. TD Cowen initiated coverage on Clean Harbors in a research note on Friday. They issued a “buy” rating and a $325.00 target price on the stock. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC decreased their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, Robert W. Baird dropped 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.

Clean Harbors Stock Down 2.9 %

CLH stock opened at $240.92 on Friday. Clean Harbors has a twelve month low of $161.39 and a twelve month high of $267.11. The firm has a market capitalization of $12.99 billion, a PE ratio of 31.37 and a beta of 1.22. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The stock has a 50-day simple moving average of $252.06 and a two-hundred day simple moving average of $238.45.

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

Insider Activity

In other Clean Harbors news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction that occurred 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 transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at $9,403,882.40. The trade was 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 the 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 sale, the director now directly owns 13,150 shares of the company’s stock, valued at approximately $3,428,731. This trade represents a 2.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,447 shares of company stock valued at $4,576,829. Corporate insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CLH. Cetera Investment Advisers increased its position in shares of Clean Harbors by 380.8% in the first quarter. Cetera Investment Advisers now owns 15,029 shares of the business services provider’s stock valued at $3,025,000 after acquiring an additional 11,903 shares during the period. CWM LLC lifted its holdings in Clean Harbors by 9.8% in the 2nd quarter. CWM LLC now owns 1,351 shares of the business services provider’s stock worth $306,000 after buying an additional 121 shares during the period. Csenge Advisory Group lifted its holdings in Clean Harbors by 7.6% in the 2nd quarter. Csenge Advisory Group now owns 1,117 shares of the business services provider’s stock worth $253,000 after buying an additional 79 shares during the period. MJP Associates Inc. ADV grew its position in shares of Clean Harbors by 1.1% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after buying an additional 51 shares during the last quarter. Finally, Artemis Investment Management LLP increased its stake in shares of Clean Harbors by 13.7% during the second quarter. Artemis Investment Management LLP now owns 490,668 shares of the business services provider’s stock valued at $110,965,000 after buying an additional 59,033 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.