Clean Harbors, Inc. (NYSE:CLH) Receives $257.67 Average PT from Analysts

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $257.67.

A number of equities research analysts have weighed in on CLH shares. Robert W. Baird upped their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Needham & Company LLC dropped their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Truist Financial cut their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Finally, UBS Group cut their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th.

Clean Harbors Trading Down 0.5%

CLH stock traded down $1.13 during midday trading on Friday, reaching $227.72. 383,585 shares of the company's stock traded hands, compared to its average volume of 354,967. The company has a market capitalization of $12.20 billion, a P/E ratio of 31.54 and a beta of 1.16. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. Clean Harbors has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The business has a 50-day moving average price of $228.78 and a two-hundred day moving average price of $220.01.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.44 billion. During the same quarter last year, the firm posted $1.29 earnings per share. The business's quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts forecast that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In related news, Director Alison A. Quirk sold 893 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the completion of the sale, the director owned 2,978 shares of the company's stock, valued at $666,148.82. This trade represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian P. Weber sold 3,035 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the transaction, the executive vice president owned 54,548 shares in the company, valued at approximately $12,391,669.16. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,112 shares of company stock valued at $3,416,406 over the last ninety days. Insiders own 5.60% of the company's stock.

Institutional Trading of Clean Harbors

Large investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its stake in Clean Harbors by 2.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock valued at $913,000 after buying an additional 122 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Clean Harbors by 16.2% during the first quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock valued at $209,000 after buying an additional 148 shares during the period. Janney Montgomery Scott LLC boosted its stake in Clean Harbors by 18.6% during the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider's stock valued at $1,638,000 after buying an additional 1,301 shares during the period. Deutsche Bank AG boosted its stake in Clean Harbors by 1.0% during the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after buying an additional 56 shares during the period. Finally, Ritholtz Wealth Management purchased a new position in shares of Clean Harbors in the 1st quarter worth about $202,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Company Profile

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.