Clean Harbors (CLH) Stock Price, News & Analysis

Company Overview

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. This segment also provides industrial maintenance and specialty industrial services; and utilizes specialty equipment and resources that performs field services. The Safety-Kleen Sustainability Solutions segment provides pickup and transportation services for hazardous and non-hazardous containerized waste for recycling or disposal; machine cleaning and maintenance, and disposal and replenishment of clean solvent or aqueous fluids; and vacuum services to remove solids, residual oily water, and sludge and other fluids from customers' oil/water separators, sumps, and collection tanks, as well as removes and collects waste fluids found at large and small industrial locations, including metal fabricators, auto maintenance providers, and general manufacturers. This segment also manufactures, formulates, packages, distributes, and markets lubricants and other automotive products. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts.

Key Stats

• Today's Range: $250.95 to $254.35
• 50-Day Range: $231.31 to $263.21
• 52-Week Range: $158.42 to $267.11
• Volume: 353,566 shs
• Average Volume: 296,830 shs
• Market Capitalization: $13.61 billion
• P/E Ratio: 32.87
• Dividend Yield: N/A
• Price Target: $254.33
• Consensus Rating: Buy

Clean Harbors Stock Analysis - MarketRank™

Clean Harbors scored higher than 81% of companies evaluated by MarketBeat, and ranked 56th out of 321 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Clean Harbors has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Clean Harbors has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 12.21%

Earnings Growth

Earnings for Clean Harbors are expected to grow by 12.21% in the coming year, from $7.29 to $8.18 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Clean Harbors is 32.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Clean Harbors is 32.87, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 29.63.

Price to Book Value per Share Ratio

Clean Harbors has a P/B Ratio of 5.38. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.03% of the float of Clean Harbors has been sold short.

Short Interest Ratio / Days to Cover

Clean Harbors has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Clean Harbors has recently increased by 29.26%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Clean Harbors does not currently pay a dividend.

Dividend Growth

Clean Harbors does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.9 / 5
• Environmental Score: 0.27

Percentage of Shares Shorted

1.03% of the float of Clean Harbors has been sold short.

Short Interest Ratio / Days to Cover

Clean Harbors has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Clean Harbors has recently increased by 29.26%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.14

News Sentiment

Clean Harbors has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for Clean Harbors this week, compared to 7 articles on an average week.

Search Interest

14 people have searched for CLH on MarketBeat in the last 30 days. This is an increase of 600% compared to the previous 30 days.

MarketBeat Follows

5 people have added Clean Harbors to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Clean Harbors insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,351,841.00 in company stock.

Percentage Held by Insiders

Only 5.90% of the stock of Clean Harbors is held by insiders.

Percentage Held by Institutions

90.43% of the stock of Clean Harbors is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CLH Stock Analysis - Frequently Asked Questions

How have CLH shares performed this year?

Clean Harbors' stock was trading at $174.51 at the beginning of 2024. Since then, CLH shares have increased by 44.7% and is now trading at $252.46.
View the best growth stocks for 2024 here.

How were Clean Harbors' earnings last quarter?

Clean Harbors, Inc. (NYSE:CLH) posted its quarterly earnings data on Wednesday, October, 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by $0.03. The business's revenue was up 12.0% compared to the same quarter last year.

Does Clean Harbors have any subsidiaries?

Clean Harbors subsidiaries include HydroChemPSC, Veolia North America’s U.S. Industrial Cleaning Services Division, Lonestar West, Thermo Fluids, Evergreen Holdings, Safety-Kleen, Peak Energy Services, and others.

Who are Clean Harbors' major shareholders?

Clean Harbors' top institutional investors include Wellington Management Group LLP (6.40%), FMR LLC (3.24%), Janus Henderson Group PLC (2.97%) and State Street Corp (2.80%). Insiders that own company stock include Alan S Mckim, Michael Louis Battles, Brian P Weber, Eric W Gerstenberg, George L Curtis, Robert Speights, Michael J Twohig, Sharon M Gabriel, Eric J Dugas, Lauren States, Andrea Robertson, Melkeya Mcduffie, Eugene G Banucci, John T Preston, Robert W Harrison and Jeffrey Herbert Knapp.
View institutional ownership trends.

How do I buy shares of Clean Harbors?

Shares of CLH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Clean Harbors own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Clean Harbors investors own include Waste Connections (WCN), American Water Works (AWK), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), AUO (AUOTY) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Sanitary services
• Sub-Industry: Environmental & Facilities Services
• Current Symbol: NYSE:CLH
• CUSIP: 18449610
• CIK: 822818
• Web: www.cleanharbors.com
• Phone: (781) 792-5000
• Fax: 781-792-5900
• Employees: 21,021
• Year Founded: 1980

Price Target and Rating

• Average Stock Price Target: $254.33
• High Stock Price Target: $285.00
• Low Stock Price Target: $190.00
• Potential Upside/Downside: +0.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.68
• Trailing P/E Ratio: 32.89
• Forward P/E Ratio: 34.65
• P/E Growth: N/A
• Net Income: $377.86 million
• Net Margins: 7.19%
• Pretax Margin: 9.52%
• Return on Equity: 17.51%
• Return on Assets: 6.01%

Debt

• Debt-to-Equity Ratio: 1.10
• Current Ratio: 2.10
• Quick Ratio: 1.76

Sales & Book Value

• Annual Sales: $5.80 billion
• Price / Sales: 2.35
• Cash Flow: $14.31 per share
• Price / Cash Flow: 17.65
• Book Value: $46.91 per share
• Price / Book: 5.38

Miscellaneous

• Outstanding Shares: 53,899,000
• Free Float: 50,719,000
• Market Cap: $13.62 billion
• Optionable: Optionable
• Beta: 1.20