Brokerages Set Clean Harbors, Inc. (NYSE:CLH) Price Target at $323.23

Clean Harbors, Inc. (NYSE:CLH) has been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and two have 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 $326.00.

CLH has been the subject of a number of research reports. Stifel Nicolaus began coverage on Clean Harbors in a research note on Friday, May 29th. They set a “buy” rating and a $337.00 target price for the company. TD Cowen increased their price target on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Citigroup increased their price target on shares of Clean Harbors from $346.00 to $349.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen downgraded shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Truist Financial lifted their price target on Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Monday, April 20th.

Clean Harbors Trading Up 0.7%

NYSE CLH traded up $2.12 during trading hours on Friday, hitting $304.03. The company’s stock had a trading volume of 354,684 shares, compared to its average volume of 434,257. Clean Harbors has a twelve month low of $201.34 and a twelve month high of $316.98. The firm has a market capitalization of $16.07 billion, a P/E ratio of 41.20 and a beta of 0.86. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The stock has a fifty day moving average of $292.02 and a 200 day moving average of $281.67.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the business posted $1.09 EPS. Clean Harbors’s revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Clean Harbors will post 8.51 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Clean Harbors

A number of institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its stake in Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after buying an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Clean Harbors by 47.7% during the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after buying an additional 196 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after buying an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Clean Harbors by 65.1% in the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after buying an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. grew its position in Clean Harbors by 1.4% in the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.