Clean Harbors, Inc. (NYSE:CLH) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Clean Harbors, Inc. (NYSE:CLH) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $260.40.

CLH has been the topic of several recent analyst reports. Stifel Nicolaus cut their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Truist Financial cut their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Robert W. Baird decreased their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Oppenheimer reduced their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, UBS Group decreased their price target on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Friday, April 11th.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $205.99 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The company has a 50 day simple moving average of $204.94 and a two-hundred day simple moving average of $230.79. Clean Harbors has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 27.76 and a beta of 1.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts expect that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the sale, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. This represents a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. 5.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors have recently bought and sold shares of the stock. Pictet Asset Management Holding SA grew its holdings in Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock valued at $381,602,000 after purchasing an additional 697,630 shares during the period. Norges Bank bought a new position in shares of Clean Harbors during the 4th quarter valued at approximately $136,974,000. Wellington Management Group LLP increased its holdings in Clean Harbors by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock worth $930,707,000 after acquiring an additional 592,341 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Clean Harbors during the 4th quarter worth approximately $57,956,000. Finally, First Trust Advisors LP lifted its holdings in Clean Harbors by 46.7% during the fourth quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider’s stock valued at $85,138,000 after purchasing an additional 117,718 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

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.