Clean Harbors, Inc. (NYSE:CLH) Receives Average Rating of “Buy” from Analysts

Clean Harbors, Inc. (NYSE:CLH) has received an average rating of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $242.40.

CLH has been the topic of a number of research analyst reports. Truist Financial upped their target price on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. The Goldman Sachs Group raised 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. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Oppenheimer raised their price target on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 16th.

Clean Harbors Price Performance

CLH opened at $246.88 on Monday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The business has a fifty day moving average of $236.37 and a 200 day moving average of $218.22. Clean Harbors has a 52-week low of $132.92 and a 52-week high of $247.74. The stock has a market cap of $13.32 billion, a P/E ratio of 35.73 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 earnings per share. As a group, sell-side analysts anticipate that Clean Harbors will post 7.65 EPS for the current year.

Insiders Place Their Bets

In other news, Director Lauren States sold 309 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the sale, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lauren States sold 309 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the sale, the director now owns 13,458 shares in the company, valued at approximately $3,284,963.22. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Clean Harbors

A number of institutional investors have recently bought and sold shares of the stock. Grayhawk Investment Strategies Inc. purchased a new stake in Clean Harbors during the 4th quarter valued at about $732,000. Capstone Investment Advisors LLC acquired a new position in Clean Harbors in the 4th quarter worth approximately $691,000. Mountain Pacific Investment Advisers Inc. ID purchased a new position in Clean Harbors during the 1st quarter worth approximately $14,161,000. Perpetual Ltd lifted its stake in Clean Harbors by 9.6% during the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after acquiring an additional 4,606 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 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.