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

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) has been assigned an average recommendation of "Buy" from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $248.89.

A number of research analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Stifel Nicolaus reaffirmed a "buy" rating and set a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Robert W. Baird upped their price objective on shares of Clean Harbors from $242.00 to $268.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. StockNews.com raised shares of Clean Harbors from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Oppenheimer upped their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the sale, the director now directly owns 13,150 shares of the company's stock, valued at approximately $3,428,731. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael Louis Battles sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares of the company's stock, valued at $18,955,400.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lauren States sold 308 shares of the firm's 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 completion of the sale, the director now directly owns 13,150 shares of the company's stock, valued at approximately $3,428,731. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,617 shares of company stock valued at $2,613,132. 5.90% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

A number of hedge funds and other institutional investors have recently modified their holdings of CLH. Innealta Capital LLC bought a new position in Clean Harbors in the second quarter valued at approximately $25,000. Rise Advisors LLC bought a new position in Clean Harbors in the first quarter valued at approximately $27,000. GAMMA Investing LLC boosted its stake in Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider's stock valued at $35,000 after acquiring an additional 56 shares during the last quarter. UMB Bank n.a. boosted its stake in Clean Harbors by 63.4% in the third 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 during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in Clean Harbors in the second quarter valued at approximately $56,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Stock Performance

Clean Harbors stock traded down $0.13 on Friday, reaching $256.80. 123,829 shares of the stock were exchanged, compared to its average volume of 289,257. The stock has a market cap of $13.85 billion, a PE ratio of 37.16 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. Clean Harbors has a twelve month low of $132.92 and a twelve month high of $261.81. The firm has a fifty day moving average price of $244.09 and a two-hundred day moving average price of $225.68.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.25. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business's revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 EPS. Sell-side analysts anticipate that Clean Harbors will post 7.65 EPS for the current 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.