Clean Harbors (NYSE:CLH) Now Covered by Analysts at TD Cowen

Research analysts at TD Cowen began coverage on shares of Clean Harbors (NYSE:CLH - Get Free Report) in a research note issued on Friday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a $325.00 price target on the business services provider's stock. TD Cowen's price objective would indicate a potential upside of 31.05% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird lowered their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Truist Financial lifted 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. StockNews.com lowered Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Needham & Company LLC decreased their price objective on Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Finally, Oppenheimer upped their target price on Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $261.40.

Clean Harbors Trading Up 0.5 %

Shares of Clean Harbors stock traded up $1.32 on Friday, reaching $248.00. 336,715 shares of the company were exchanged, compared to its average volume of 295,446. Clean Harbors has a fifty-two week low of $161.39 and a fifty-two week high of $267.11. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 32.20 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 $251.89 and a 200-day moving average price of $237.71.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). The firm 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%. Clean Harbors's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 earnings per share. On average, analysts expect that Clean Harbors will post 7.21 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 6,051 shares of Clean Harbors stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total value of $1,515,291.42. Following the transaction, the chief executive officer now owns 55,657 shares of the company's stock, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were 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 in the company, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,447 shares of company stock worth $4,576,829 over the last ninety days. 5.90% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

Several hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in shares of Clean Harbors during the second quarter valued at about $25,000. UMB Bank n.a. raised its holdings in Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock valued at $52,000 after acquiring an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Clean Harbors in the 2nd quarter worth approximately $56,000. Prospera Private Wealth LLC acquired a new stake in shares of Clean Harbors during the 3rd quarter worth approximately $56,000. Finally, CENTRAL TRUST Co increased its position 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 valued at $63,000 after purchasing an additional 160 shares during the period. Institutional investors own 90.43% of the company's stock.

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.