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

Shares of Clean Harbors, Inc. (NYSE:CLH) have been given an average rating of “Buy” by the nine research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $254.33.

CLH has been the subject of a number of recent analyst reports. The Goldman Sachs Group increased their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC dropped their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Truist Financial increased their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Oppenheimer upped their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st.

Clean Harbors Trading Down 1.5 %

CLH opened at $243.58 on Tuesday. The company’s 50 day moving average price is $249.19 and its two-hundred day moving average price is $234.19. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 31.72 and a beta of 1.20. Clean Harbors has a fifty-two week low of $158.42 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $1.68 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts predict that Clean Harbors will post 7.29 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. The trade was a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the transaction, the chief executive officer now directly owns 55,657 shares in the company, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,586 shares of company stock valued at $4,351,841. Company insiders own 5.90% of the company’s stock.

Institutional Trading of Clean Harbors

Several institutional investors and hedge funds have recently modified their holdings of the stock. Swedbank AB raised its position in Clean Harbors by 83.3% in the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock valued at $24,876,000 after buying an additional 50,000 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Clean Harbors in the first quarter valued at about $828,000. Driehaus Capital Management LLC lifted its position in shares of Clean Harbors by 17.1% during the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock valued at $28,000,000 after purchasing an additional 18,058 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Clean Harbors by 25.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider’s stock worth $4,491,000 after purchasing an additional 4,554 shares during the last quarter. Finally, Bridges Investment Management Inc. bought a new stake in Clean Harbors in the 2nd quarter worth about $729,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.