Clean Harbors (NYSE:CLH) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Clean Harbors from a "hold" to a buy, joining several firms that have raised price targets and contributing to a MarketBeat consensus rating of "Moderate Buy" with a consensus target of $308.09.
• Clean Harbors beat last quarter's expectations with EPS of $1.62 (vs. $1.59 est.) and revenue of $1.50B (vs. $1.46B), with revenue up 4.8% year‑over‑year and analysts forecasting ~7.89 EPS for the fiscal year.
• Shares trade around $302 (12‑month range $193.14–$316.98) with a market cap of $15.99B and P/E of 41.5; insiders have sold about $3.9M of stock in the past 90 days while institutional investors own roughly 90.4% of the company.

Clean Harbors (NYSE:CLH - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other equities analysts also recently weighed in on CLH. Oppenheimer boosted their target price on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, February 19th. Weiss Ratings downgraded shares of Clean Harbors from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Wells Fargo & Company boosted their target price on shares of Clean Harbors from $291.00 to $309.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 18th. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, UBS Group boosted their target price on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a "neutral" rating in a research note on Thursday, March 12th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $308.09.

Clean Harbors Trading Up 0.0%

Shares of CLH stock opened at $302.24 on Friday. Clean Harbors has a 12-month low of $193.14 and a 12-month high of $316.98. The company has a market capitalization of $15.99 billion, a P/E ratio of 41.52 and a beta of 0.94. The firm has a 50-day moving average price of $284.00 and a 200 day moving average price of $252.08. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01.

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

Insider Activity at Clean Harbors

In other news, Director Marcy L. Reed sold 836 shares of Clean Harbors stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total transaction of $240,717.84. Following the completion of the sale, the director owned 5,081 shares in the company, valued at $1,463,023.14. The trade was a 14.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian P. Weber sold 4,683 shares of Clean Harbors stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the sale, the executive vice president owned 48,728 shares of the company's stock, valued at approximately $14,296,307.92. This represents a 8.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,597 shares of company stock worth $3,895,286 over the last 90 days. Insiders own 5.60% of the company's stock.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors have recently modified their holdings of CLH. Elyxium Wealth LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $26,000. Quattro Advisors LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $26,000. MidFirst Bank acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust grew its position in shares of Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider's stock worth $28,000 after buying an additional 80 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of Clean Harbors during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 90.43% of the company's stock.

About Clean Harbors

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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