Clean Harbors, Inc. (NYSE:CLH) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Clean Harbors, Inc. (NYSE:CLH) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $257.67.

Several research analysts have recently weighed in on CLH shares. BMO Capital Markets decreased their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. UBS Group reduced their price objective on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Truist Financial reduced their price objective on Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird upped their price objective on Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Finally, Oppenheimer reduced their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th.

Clean Harbors Stock Down 0.9%

CLH stock opened at $224.52 on Friday. Clean Harbors has a 1-year low of $178.29 and a 1-year high of $267.11. The business has a fifty day moving average price of $214.34 and a 200-day moving average price of $223.47. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The stock has a market capitalization of $12.03 billion, a P/E ratio of 30.26 and a beta of 1.19.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Equities analysts forecast that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John R. Welch sold 1,250 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total transaction of $285,637.50. Following the completion of the sale, the director now owns 11,402 shares in the company, valued at approximately $2,605,471.02. This trade represents a 9.88% 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, CFO Eric J. Dugas bought 1,050 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 5,833 shares of company stock worth $1,227,181. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after buying an additional 8,639 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Clean Harbors by 29.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,636 shares of the business services provider’s stock valued at $2,218,000 after buying an additional 2,165 shares in the last quarter. Blue Trust Inc. grew its holdings in Clean Harbors by 15.7% during the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider’s stock valued at $107,000 after buying an additional 60 shares in the last quarter. Deutsche Bank AG grew its holdings in Clean Harbors by 1.0% during the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock valued at $1,333,000 after buying an additional 56 shares in the last quarter. Finally, Sycomore Asset Management grew its holdings in Clean Harbors by 87.6% during the 4th quarter. Sycomore Asset Management now owns 31,437 shares of the business services provider’s stock valued at $7,648,000 after buying an additional 14,677 shares in the last quarter. Hedge funds and other institutional investors 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.