Clean Harbors, Inc. (NYSE:CLH) Given Consensus Recommendation of "Moderate Buy" by Analysts

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) has been given an average rating of "Moderate Buy" by the nine ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $257.67.

A number of brokerages have recently issued reports on CLH. The Goldman Sachs Group lowered their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. 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. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. UBS Group lowered their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Robert W. Baird increased their price target on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st.

Insiders Place Their Bets

In other news, Director Alison A. Quirk sold 893 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $223.69, for a total value of $199,755.17. Following the completion of the sale, the director now directly owns 2,978 shares of the company's stock, valued at $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John R. Welch sold 1,250 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total value of $285,637.50. Following the completion of the sale, the director now owns 11,402 shares of the company's stock, valued at $2,605,471.02. The trade was a 9.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,112 shares of company stock worth $3,416,406 over the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clean Harbors

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its holdings in Clean Harbors by 30.9% during the 1st quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider's stock valued at $1,043,407,000 after buying an additional 1,249,704 shares in the last quarter. Vanguard Group Inc. boosted its stake in Clean Harbors by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock worth $1,072,237,000 after buying an additional 11,814 shares during the period. Select Equity Group L.P. boosted its stake in Clean Harbors by 4.8% during the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after buying an additional 80,436 shares during the period. Pictet Asset Management Holding SA boosted its stake in Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after buying an additional 697,630 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Clean Harbors by 0.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after purchasing an additional 13,167 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Up 1.2%

Shares of Clean Harbors stock opened at $232.79 on Wednesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.98 and a current ratio of 2.37. The stock has a market capitalization of $12.47 billion, a PE ratio of 32.24 and a beta of 1.17. Clean Harbors has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a 50-day simple moving average of $223.00 and a two-hundred day simple moving average of $220.69.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business earned $1.29 EPS. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts anticipate that Clean Harbors will post 7.89 EPS for the current fiscal 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.

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