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Clean Harbors, Inc. (NYSE:CLH) Given Average Recommendation of "Buy" by Brokerages

Clean Harbors logo with Business Services background

Shares of Clean Harbors, Inc. (NYSE:CLH - Get Free Report) have been given a consensus rating of "Buy" by the ten analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $261.40.

Several equities analysts recently issued reports on CLH shares. StockNews.com lowered Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Robert W. Baird lowered their price target on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. TD Cowen began coverage on shares of Clean Harbors in a report on Friday. They set a "buy" rating and a $325.00 price objective for the company. Needham & Company LLC lowered their target price on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. Finally, Oppenheimer increased their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st.

Get Our Latest Stock Report on CLH

Clean Harbors Stock Performance

Shares of CLH stock traded up $1.32 during trading hours on Friday, reaching $248.00. 336,718 shares of the company's stock were exchanged, compared to its average volume of 246,490. Clean Harbors has a fifty-two week low of $161.39 and a fifty-two week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $13.37 billion, a P/E ratio of 32.28 and a beta of 1.22. The business has a fifty day moving average price of $252.08 and a 200-day moving average price of $237.94.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the company earned $1.68 earnings per share. Clean Harbors's revenue for the quarter was up 12.0% on a year-over-year basis. Analysts predict that Clean Harbors will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Speights sold 610 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares in the company, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,447 shares of company stock worth $4,576,829 in the last three months. Insiders own 5.90% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CLH. Hantz Financial Services Inc. boosted its holdings in Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider's stock worth $678,000 after buying an additional 39 shares during the last quarter. Icon Wealth Advisors LLC grew its holdings in Clean Harbors by 8.4% during the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider's stock valued at $140,000 after purchasing an additional 45 shares during the period. Fifth Third Bancorp increased its stake in Clean Harbors by 10.5% in the second quarter. Fifth Third Bancorp now owns 528 shares of the business services provider's stock valued at $119,000 after purchasing an additional 50 shares in the last quarter. MJP Associates Inc. ADV raised its holdings in Clean Harbors by 1.1% in the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider's stock worth $1,071,000 after purchasing an additional 51 shares during the period. Finally, Signaturefd LLC raised its holdings in Clean Harbors by 11.8% in the third quarter. Signaturefd LLC now owns 491 shares of the business services provider's stock worth $119,000 after purchasing an additional 52 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

About Clean Harbors

(Get Free Report

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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