Analysts Set Clean Harbors, Inc. (NYSE:CLH) Price Target at $262.17

Shares of Clean Harbors, Inc. (NYSE:CLH) have been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are presently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $262.1667.

A number of analysts have weighed in on the stock. Zacks Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Citigroup increased their price objective on shares of Clean Harbors from $263.00 to $274.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday, December 29th. CJS Securities raised Clean Harbors to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Barclays cut their price target on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th.

Clean Harbors Stock Up 1.7%

NYSE:CLH opened at $266.64 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of 36.98 and a beta of 0.96. Clean Harbors has a one year low of $178.29 and a one year high of $268.22. The stock has a 50-day simple moving average of $248.22 and a 200 day simple moving average of $237.45.

Insider Activity

In other news, CEO Eric W. Gerstenberg sold 601 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the transaction, the chief executive officer owned 50,454 shares in the company, valued at approximately $12,154,368.60. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several large investors have recently made changes to their positions in CLH. Integrated Wealth Concepts LLC grew its holdings in Clean Harbors by 102.9% in the 1st 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 grew its stake in shares of Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after purchasing an additional 196 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Clean Harbors by 12.1% during 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 purchasing an additional 5,884 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Clean Harbors during the second quarter valued at $48,000. Finally, KLP Kapitalforvaltning AS raised its stake in shares of Clean Harbors by 2.0% during the second quarter. KLP Kapitalforvaltning AS now owns 15,200 shares of the business services provider’s stock valued at $3,514,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

About Clean Harbors

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.