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

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) has been given a consensus rating of "Buy" by the nine research firms that are presently covering the stock, Marketbeat.com reports. One equities 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 target price among brokerages that have issued a report on the stock in the last year is $271.00.

A number of analysts recently issued reports on CLH shares. Oppenheimer increased their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Needham & Company LLC lowered their price target on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a "buy" rating and a $325.00 target price on the stock. Finally, StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st.

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 6,051 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $250.42, for a total value of $1,515,291.42. Following the completion of the sale, the chief executive officer now owns 55,657 shares in the company, valued at $13,937,625.94. The trade was a 9.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the transaction, the director now owns 13,150 shares in the company, valued at $3,428,731. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,446 shares of company stock worth $2,119,483. 5.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Clean Harbors

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings in Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock valued at $52,000 after buying an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Clean Harbors in the second quarter valued at about $56,000. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors during the third quarter valued at about $56,000. CENTRAL TRUST Co boosted its holdings in shares of Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after purchasing an additional 160 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in shares of Clean Harbors by 42.6% in the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider's stock worth $70,000 after purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Performance

Shares of NYSE CLH traded down $0.02 during midday trading on Wednesday, hitting $230.14. The company's stock had a trading volume of 276,719 shares, compared to its average volume of 296,439. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 29.97 and a beta of 1.22. 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 stock has a fifty day moving average price of $246.91 and a 200 day moving average price of $240.68. Clean Harbors has a one year low of $161.39 and a one year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) 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 business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm earned $1.68 EPS. The company's revenue was up 12.0% compared to the same quarter last year. On average, research analysts forecast that Clean Harbors will post 7.21 EPS 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.