Clean Harbors, Inc. (NYSE:CLH) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst sentiment is moderately bullish: Clean Harbors has a consensus “Moderate Buy” rating from 18 analysts, with an average one-year price target of $354.57 versus its recent $316.02 price.
• Quarterly results exceeded expectations: The company reported $3.22 in EPS against a $2.81 consensus estimate, while revenue rose 11.9% year over year to $1.74 billion.
• Insiders recently sold shares: CEO Eric Gerstenberg and director Andrea Robertson sold stock, while institutional investors own approximately 90.43% of Clean Harbors.

Shares of Clean Harbors, Inc. (NYSE:CLH - Get Free Report) have received a consensus rating of "Moderate Buy" from the eighteen research firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $354.5714.

CLH has been the subject of a number of research reports. BMO Capital Markets increased their target price on Clean Harbors from $340.00 to $342.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. Weiss Ratings raised shares of Clean Harbors from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Barclays increased their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Bank of America set a $377.00 price objective on shares of Clean Harbors and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a report on Saturday, August 1st.

Clean Harbors Stock Down 0.9%

NYSE CLH opened at $316.02 on Friday. The firm has a market cap of $16.68 billion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 2.06 and a beta of 0.85. Clean Harbors has a one year low of $201.34 and a one year high of $335.94. The stock's 50 day simple moving average is $313.61 and its 200 day simple moving average is $300.31. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the business earned $2.36 EPS. The business's revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Clean Harbors will post 9.73 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the transaction, the director owned 8,979 shares in the company, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

A number of institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC bought a new stake in shares of Clean Harbors during the fourth quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Clean Harbors in the 2nd quarter worth approximately $36,000. MidFirst Bank bought a new stake in shares of Clean Harbors in the 4th quarter valued at $28,000. Larson Financial Group LLC boosted its stake in shares of Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider's stock valued at $31,000 after purchasing an additional 115 shares during the last quarter. Finally, Manchester Capital Management LLC acquired a new stake in shares of Clean Harbors during the fourth quarter worth $31,000. Institutional investors own 90.43% of the company's stock.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy and industrial services throughout the United States and Canada. The company manages hazardous and non-hazardous waste through services that include collection, transportation, treatment, disposal, recycling and incineration. It also provides emergency spill response, wastewater treatment and specialized environmental remediation.

Through its industrial services operations, Clean Harbors supports refineries, chemical plants, utilities, manufacturers and other industrial customers with maintenance, cleaning, turnaround and specialty services.

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