Clean Harbors (NYSE:CLH) Reaches New 1-Year High - What's Next?

Key Points

• Clean Harbors hit a new 52‑week high intraday of $302.25 and was trading near $299, well above its 50‑day ($281.36) and 200‑day ($250.91) moving averages, with a market cap of about $15.82 billion.
• Analyst sentiment is upbeat with a consensus rating of Moderate Buy and a consensus price target of $299.27, after several firms raised targets (Wells Fargo to $309; UBS and Oppenheimer to roughly $300).
• Recent results slightly beat expectations (EPS $1.62 vs. $1.59; revenue $1.50B, up 4.8% YoY), but insiders have been net sellers (≈13,597 shares worth $3.9M last quarter) while institutional ownership remains high (~90.4%).

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $302.25 and last traded at $299.0570, with a volume of 300316 shares. The stock had previously closed at $299.64.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CLH. UBS Group raised their price target on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a "neutral" rating in a report on Thursday, March 12th. Wells Fargo & Company raised their price target on shares of Clean Harbors from $291.00 to $309.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 18th. Zacks Research raised shares of Clean Harbors from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 13th. CJS Securities raised shares of Clean Harbors to a "strong-buy" rating in a report on Thursday, December 11th. Finally, Oppenheimer raised their target price on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an "outperform" rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $299.27.

Clean Harbors Trading Down 0.2%

The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The company's fifty day moving average is $281.36 and its 200-day moving average is $250.91. The stock has a market cap of $15.82 billion, a PE ratio of 41.08 and a beta of 0.94.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The firm had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter last year, the company posted $1.55 earnings per share. The firm's revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 1,000 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the sale, the chief executive officer owned 38,877 shares in the company, valued at approximately $11,390,961. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sharon M. Gabriel sold 3,540 shares of the firm's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $282.07, for a total transaction of $998,527.80. Following the sale, the executive vice president owned 23,193 shares in the company, valued at approximately $6,542,049.51. This represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,597 shares of company stock valued at $3,895,286 in the last quarter. 5.60% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. Elyxium Wealth LLC acquired a new stake in Clean Harbors during the fourth quarter valued at $26,000. Quattro Advisors LLC acquired a new stake in Clean Harbors during the fourth quarter valued at $26,000. MidFirst Bank acquired a new stake in Clean Harbors during the fourth quarter valued at $28,000. Parkside Financial Bank & Trust grew its position in Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider's stock valued at $28,000 after buying an additional 80 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in Clean Harbors during the third quarter valued at $30,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.

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