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

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) has earned a consensus recommendation of "Buy" from the nine brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $254.33.

CLH has been the subject of several analyst reports. Truist Financial raised their price target on Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Oppenheimer increased their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Needham & Company LLC lowered their price objective on Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the sale, the director now directly owns 13,458 shares of the company's stock, valued at $3,284,963.22. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Robert Speights sold 610 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren States sold 309 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,227 shares of company stock worth $2,759,617. Company insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors have recently added to or reduced their stakes in the business. Moody National Bank Trust Division raised its position in shares of Clean Harbors by 1.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider's stock valued at $1,095,000 after purchasing an additional 47 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Clean Harbors by 6.9% during the second quarter. Quent Capital LLC now owns 725 shares of the business services provider's stock worth $164,000 after buying an additional 47 shares during the period. Fifth Third Bancorp lifted its stake in shares of Clean Harbors by 10.5% during the second quarter. Fifth Third Bancorp now owns 528 shares of the business services provider's stock worth $119,000 after buying an additional 50 shares during the period. MJP Associates Inc. ADV increased its position in shares of Clean Harbors by 1.1% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider's stock valued at $1,071,000 after acquiring an additional 51 shares during the period. Finally, Signaturefd LLC raised its stake in Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider's stock worth $119,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded down $2.78 on Tuesday, hitting $260.32. 95,018 shares of the company traded hands, compared to its average volume of 297,118. Clean Harbors has a 12-month low of $158.42 and a 12-month high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company has a market cap of $14.03 billion, a P/E ratio of 34.26 and a beta of 1.20. The firm's 50-day simple moving average is $247.50 and its 200 day simple moving average is $232.24.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 earnings per share. Analysts expect that Clean Harbors will post 7.29 earnings per share for the current fiscal year.

About Clean Harbors

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.