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

Shares of Clean Harbors, Inc. (NYSE:CLH - Get Free Report) have been assigned a consensus recommendation of "Buy" from the nine ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $270.56.

Several equities analysts have recently issued reports on CLH shares. Robert W. Baird decreased their price objective on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research note on Thursday. Truist Financial decreased their price objective on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research note on Thursday. Stifel Nicolaus decreased their target price on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday. Needham & Company LLC restated a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday. Finally, TD Cowen started coverage on Clean Harbors in a research note on Friday, December 6th. They set a "buy" rating and a $325.00 target price for the company.

Clean Harbors Trading Up 2.5 %

NYSE CLH traded up $5.22 during trading on Thursday, hitting $217.40. The stock had a trading volume of 460,106 shares, compared to its average volume of 411,715. The company has a market capitalization of $11.72 billion, a PE ratio of 29.30 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a 50 day moving average price of $233.69 and a 200 day moving average price of $242.09. Clean Harbors has a twelve month low of $180.24 and a twelve month high of $267.11.

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 (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 EPS. As a group, equities research analysts forecast that Clean Harbors will post 8.08 earnings per share for the current year.

Insider Activity

In related news, Director Lauren States sold 308 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now owns 12,226 shares of the company's stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 861 shares of the company's 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 transaction, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,785 shares of company stock valued at $444,558. Company insiders own 5.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors during the fourth quarter worth $32,000. Skandinaviska Enskilda Banken AB publ boosted its position in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP boosted its position in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. boosted its position in Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after purchasing an additional 205 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Clean Harbors during the third quarter worth $56,000. Institutional investors and hedge funds own 90.43% of the company's stock.

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.