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

Shares of Clean Harbors, Inc. (NYSE:CLH) have been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One investment 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 price target among analysts that have updated their coverage on the stock in the last year is $270.56.

A number of analysts recently issued reports on CLH shares. StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Truist Financial dropped their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Robert W. Baird dropped their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Stifel Nicolaus dropped their target price on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th.

Insider Activity

In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its stake in shares of 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 buying an additional 39 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in Clean Harbors by 8.4% during the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock worth $140,000 after purchasing an additional 45 shares during the last quarter. Traynor Capital Management Inc. lifted its stake in Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock worth $334,000 after purchasing an additional 50 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Clean Harbors by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after purchasing an additional 53 shares during the last quarter. Finally, Williamson Legacy Group LLC lifted its stake in Clean Harbors by 1.4% during the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock worth $858,000 after purchasing an additional 53 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 1.9 %

NYSE CLH opened at $193.11 on Monday. Clean Harbors has a 12 month low of $186.54 and a 12 month high of $267.11. The company has a 50-day moving average of $223.92 and a 200-day moving average of $238.27. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a market cap of $10.40 billion, a P/E ratio of 26.03 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $1.82 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts predict that Clean Harbors will post 7.89 earnings per share for the current year.

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.