Clean Harbors (NYSE:CLH) Reaches New 1-Year High at $250.52

Clean Harbors, Inc. (NYSE:CLH) shares reached a new 52-week high during trading on Monday . The stock traded as high as $250.52 and last traded at $250.52, with a volume of 1523 shares traded. The stock had previously closed at $246.88.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Needham & Company LLC upped their price objective on Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. 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 report on Thursday, August 1st. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Monday, September 16th. Oppenheimer increased their target price on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird upped their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $242.40.

Clean Harbors Trading Up 1.5 %

The stock has a market capitalization of $13.52 billion, a P/E ratio of 35.73 and a beta of 1.20. The stock’s fifty day moving average price is $236.37 and its 200 day moving average price is $218.22. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm earned $2.13 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Research analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Lauren States sold 309 shares of the company’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 completion of the sale, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction on 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 transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 309 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $3,284,963.22. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Clean Harbors

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Grayhawk Investment Strategies Inc. bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $732,000. Capstone Investment Advisors LLC acquired a new stake in Clean Harbors in the fourth quarter valued at approximately $691,000. Mountain Pacific Investment Advisers Inc. ID purchased a new position in Clean Harbors in the first quarter worth $14,161,000. Perpetual Ltd grew its holdings in Clean Harbors by 9.6% in the first quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock worth $10,629,000 after purchasing an additional 4,606 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Clean Harbors by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after purchasing an additional 182,622 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

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.