Clean Harbors, Inc. (NYSE:CLH) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Clean Harbors, Inc. (NYSE:CLH) has received a consensus recommendation of "Moderate Buy" from ten analysts, with an average 12-month target price of $263.40.
• In the latest earnings report, Clean Harbors reported $2.36 earnings per share, surpassing estimates, but revenue decreased 0.2% year-over-year to $1.55 billion.
• Insider selling activity included EVP Brian P. Weber selling 3,035 shares at an average price of $227.17 and Director Andrea Robertson selling 836 shares at $233.64.

Shares of Clean Harbors, Inc. (NYSE:CLH - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $263.40.

Several research analysts recently weighed in on CLH shares. UBS Group boosted their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Raymond James Financial boosted their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a research note on Thursday, July 31st. Oppenheimer boosted their target price on shares of Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the company an "outperform" rating in a research note on Thursday, July 31st.

Insider Activity at Clean Harbors

In other news, EVP Brian P. Weber sold 3,035 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $227.17, for a total transaction of $689,460.95. Following the completion of the transaction, the executive vice president owned 54,548 shares of the company's stock, valued at $12,391,669.16. This represents a 5.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Andrea Robertson sold 836 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $233.64, for a total transaction of $195,323.04. Following the transaction, the director directly owned 9,888 shares of the company's stock, valued at approximately $2,310,232.32. This represents a 7.80% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CLH. Hopwood Financial Services Inc. purchased a new position in Clean Harbors in the first quarter valued at approximately $30,000. Golden State Wealth Management LLC boosted its position in Clean Harbors by 145.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider's stock worth $43,000 after purchasing an additional 109 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Clean Harbors during the 2nd quarter worth $48,000. Allworth Financial LP boosted its position in Clean Harbors by 22.8% during the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider's stock worth $54,000 after purchasing an additional 43 shares during the period. Finally, Quarry LP purchased a new stake in Clean Harbors during the 1st quarter worth $48,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Trading Down 3.6%

NYSE:CLH opened at $236.31 on Monday. The company has a market capitalization of $12.67 billion, a PE ratio of 33.19 and a beta of 1.22. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. Clean Harbors has a 52-week low of $178.29 and a 52-week high of $267.11. The stock has a fifty day simple moving average of $237.31 and a 200-day simple moving average of $221.46.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $2.46 EPS. The business's revenue was down .2% on a year-over-year basis. On average, equities research analysts expect that Clean Harbors will post 7.89 earnings per share 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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