Analysts Set Clean Harbors, Inc. (NYSE:CLH) PT at $354.57

Clean Harbors, Inc. (NYSE:CLH) has received a consensus rating of “Moderate Buy” from the eighteen brokerages that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $354.5714.

A number of equities analysts have weighed in on CLH shares. TD Cowen raised their target price on shares of Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Raymond James Financial reissued a “strong-buy” rating and issued a $375.00 price target on shares of Clean Harbors in a research report on Thursday, July 30th. Bank of America set a $377.00 price objective on Clean Harbors and gave the company a “buy” rating in a research report on Thursday, July 30th. Citigroup lifted their price objective on Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Oppenheimer reissued an “outperform” rating and issued a $350.00 target price on shares of Clean Harbors in a report on Thursday, July 30th.

Clean Harbors Price Performance

CLH opened at $316.33 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The company has a market cap of $16.70 billion, a price-to-earnings ratio of 38.39, a price-to-earnings-growth ratio of 2.04 and a beta of 0.85. The stock has a fifty day simple moving average of $313.86 and a two-hundred day simple moving average of $300.45. Clean Harbors has a 12-month low of $201.34 and a 12-month high of $335.94.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.36 EPS. Research analysts predict that Clean Harbors will post 9.73 earnings per share for the current fiscal year.

Clean Harbors News Roundup

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Clean Harbors priced a private offering of $600 million of senior notes due 2034. The notes carry a 6.250% interest rate and were priced at par, with closing expected around October 1, 2026. The proceeds are intended to help fund the company’s acquisitions of EnviroServe and ES&H, supporting expansion of its environmental-services platform. Clean Harbors Prices Offering of Senior Notes Due 2034
• Positive Sentiment: The acquisitions could broaden Clean Harbors’ service capabilities and revenue base. The debt financing also provides a committed source of capital for completing the transactions rather than relying solely on cash on hand. Clean Harbors Launches $600 Million Senior Notes Offering
• Neutral Sentiment: Analysts maintain a consensus rating of “Moderate Buy,” indicating generally favorable expectations but not unanimous bullishness. Clean Harbors Given Consensus Rating of Moderate Buy
• Negative Sentiment: The offering will increase Clean Harbors’ debt obligations and add roughly $37.5 million in annual interest expense before taxes, based on the stated coupon. Investors may also focus on execution risks and whether the acquisitions generate enough earnings and cash flow to justify the borrowing.

Insider Activity

In related news, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director owned 8,979 shares in the company, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric Gerstenberg sold 2,500 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the sale, the chief executive officer directly owned 56,793 shares in the company, valued at $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Clean Harbors during the second quarter valued at $1,516,521,000. Janus Henderson Group PLC increased its holdings in Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after buying an additional 215,659 shares in the last quarter. Jupiter Topco LLC purchased a new position in Clean Harbors in the 2nd quarter worth about $477,570,000. Bessemer Group Inc. raised its position in Clean Harbors by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after buying an additional 16,747 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Clean Harbors by 10.0% during the 1st quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock valued at $223,202,000 after acquiring an additional 70,447 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy and industrial services throughout the United States and Canada. The company manages hazardous and non-hazardous waste through services that include collection, transportation, treatment, disposal, recycling and incineration. It also provides emergency spill response, wastewater treatment and specialized environmental remediation.

Through its industrial services operations, Clean Harbors supports refineries, chemical plants, utilities, manufacturers and other industrial customers with maintenance, cleaning, turnaround and specialty services.