Clean Harbors, Inc. (NYSE:CLH) Receives Consensus Recommendation of "Buy" from Analysts

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) has received a consensus recommendation of "Buy" from the nine brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $266.56.

CLH has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. StockNews.com upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Wednesday. BMO Capital Markets cut their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Oppenheimer cut their price objective on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, Robert W. Baird cut their price objective on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th.

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Insider Transactions at Clean Harbors

In related news, CFO Eric J. Dugas acquired 1,050 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,341 shares of company stock worth $663,041 over the last 90 days. 5.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors have recently made changes to their positions in CLH. Los Angeles Capital Management LLC grew its stake in shares of Clean Harbors by 5.6% during the third quarter. Los Angeles Capital Management LLC now owns 2,465 shares of the business services provider's stock worth $596,000 after purchasing an additional 130 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Clean Harbors during the third quarter worth $672,000. Oppenheimer & Co. Inc. grew its stake in Clean Harbors by 45.4% in the third quarter. Oppenheimer & Co. Inc. now owns 6,031 shares of the business services provider's stock valued at $1,458,000 after acquiring an additional 1,882 shares during the period. KBC Group NV grew its stake in Clean Harbors by 17.0% in the third quarter. KBC Group NV now owns 1,412 shares of the business services provider's stock valued at $341,000 after acquiring an additional 205 shares during the period. Finally, CIBC Asset Management Inc grew its stake in Clean Harbors by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider's stock valued at $378,000 after acquiring an additional 53 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

Shares of NYSE:CLH traded up $1.87 during trading on Monday, hitting $198.63. 278,059 shares of the stock were exchanged, compared to its average volume of 315,543. Clean Harbors has a 1-year low of $186.54 and a 1-year high of $267.11. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of 26.73 and a beta of 1.22. The company's fifty day simple moving average is $221.86 and its 200-day simple moving average is $237.29. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 EPS. Sell-side analysts expect that Clean Harbors will post 7.89 EPS for the current fiscal year.

Clean Harbors Company Profile

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.