Clean Harbors, Inc. (CLH) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts maintain a favorable outlook: Clean Harbors has a consensus “Moderate Buy” rating from 18 analysts, with an average 12-month price target of $355.29 versus the reported share price of $319.39.
• Quarterly results exceeded expectations: The company reported adjusted earnings of $3.22 per share, topping estimates by $0.41, while revenue rose 11.9% year over year to $1.74 billion.
• Ownership and insider activity: Institutional investors own 90.43% of the stock, while the CEO and a director recently sold shares; insiders collectively hold about 5.00% of the company.

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eighteen research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $355.29.

Several brokerages recently issued reports on CLH. Oppenheimer reiterated an "outperform" rating and issued a $350.00 price target on shares of Clean Harbors in a research note on Thursday, July 30th. Weiss Ratings raised shares of Clean Harbors from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, September 24th. Bank of America set a $377.00 price objective on shares of Clean Harbors and gave the stock a "buy" rating in a research note on Thursday, July 30th. Raymond James Financial restated a "strong-buy" rating and issued a $375.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Finally, TD Cowen upped their price objective on shares of Clean Harbors from $335.00 to $380.00 and gave the stock a "buy" rating in a report on Thursday, July 30th.

Insider Activity at Clean Harbors

In other news, CEO Eric Gerstenberg sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the sale, the chief executive officer directly owned 56,793 shares of the company's stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Andrea Robertson sold 789 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, the director owned 8,979 shares in the company, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds have recently added to or reduced their stakes in CLH. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Clean Harbors during the 2nd quarter valued at about $36,000. MidFirst Bank bought a new stake in Clean Harbors during the 4th quarter valued at about $28,000. Elevation Wealth Partners LLC raised its holdings in Clean Harbors by 317.6% in the third quarter. Elevation Wealth Partners LLC now owns 142 shares of the business services provider's stock worth $44,000 after buying an additional 108 shares during the last quarter. Root Financial Partners LLC raised its holdings in Clean Harbors by 99.2% in the first quarter. Root Financial Partners LLC now owns 241 shares of the business services provider's stock worth $69,000 after buying an additional 120 shares during the last quarter. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Clean Harbors in the first quarter worth approximately $116,000. 90.43% of the stock is owned by institutional investors.

Clean Harbors Price Performance

CLH opened at $319.39 on Tuesday. The stock has a fifty day simple moving average of $315.96 and a two-hundred day simple moving average of $303.53. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The company has a market cap of $16.86 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 2.01 and a beta of 0.87. Clean Harbors has a 12-month low of $201.34 and a 12-month high of $335.94.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating the consensus estimate of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm posted $2.36 earnings per share. The company's revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts predict that Clean Harbors will post 9.91 earnings per share for the current fiscal year.

About Clean Harbors

Clean Harbors, Inc provides environmental, industrial, and waste management services to commercial, industrial, government, and other customers. The company manages hazardous and non-hazardous waste through collection, transportation, treatment, recycling, and disposal services. It also provides emergency response services for chemical spills, environmental incidents, and other hazardous-material events.

Clean Harbors offers industrial maintenance and specialty services, including industrial cleaning, facility maintenance, chemical cleaning, waste handling, and turnaround support for refineries, manufacturing facilities, utilities, and other industrial operations.

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