Brokerages Set Clean Harbors, Inc. (NYSE:CLH) Target Price at $257.67

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $257.67.

CLH has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Needham & Company LLC decreased their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Truist Financial lowered their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird increased their price target on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, UBS Group lowered their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th.

Insider Activity

In related news, EVP Brian P. Weber sold 3,035 shares of Clean Harbors stock in a transaction on Friday, June 13th. The stock was sold at an average price of $227.17, for a total transaction of $689,460.95. Following the completion of the sale, the executive vice president now owns 54,548 shares of the company's stock, valued at approximately $12,391,669.16. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Speights sold 1,022 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total value of $233,516.78. Following the transaction, the insider now owns 16,310 shares of the company's stock, valued at approximately $3,726,671.90. The trade was a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,112 shares of company stock worth $3,416,406. 5.60% of the stock is owned by company insiders.

Institutional Trading of Clean Harbors

Large investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund increased its position in shares of Clean Harbors by 0.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock worth $2,044,000 after purchasing an additional 52 shares during the last quarter. Williamson Legacy Group LLC increased its holdings in shares of Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock worth $858,000 after buying an additional 53 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after buying an additional 56 shares during the last quarter. Blue Trust Inc. raised its position in shares of Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after buying an additional 56 shares in the last quarter. Finally, Scotia Capital Inc. lifted its holdings in shares of Clean Harbors by 0.4% during the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock worth $3,282,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Performance

CLH stock traded up $0.83 during midday trading on Wednesday, hitting $231.08. The company's stock had a trading volume of 506,531 shares, compared to its average volume of 351,591. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 32.01 and a beta of 1.17. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The stock's 50-day moving average price is $224.42 and its 200 day moving average price is $220.38. Clean Harbors has a 1 year low of $178.29 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm earned $1.29 EPS. The firm's quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts forecast that Clean Harbors will post 7.89 EPS for the current year.

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.