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

Clean Harbors, Inc. (NYSE:CLHGet Free Report) has been given a consensus rating of “Buy” by the ten analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $216.40.

A number of research firms recently commented on CLH. BMO Capital Markets upped their price objective on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a research note on Monday, April 22nd. Robert W. Baird boosted their target price on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Raymond James upped their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a report on Thursday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $235.00 price objective on shares of Clean Harbors in a research report on Thursday, May 2nd.

Read Our Latest Research Report on CLH

Insider Activity

In other Clean Harbors news, Director Lauren States sold 1,148 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the sale, the director now owns 13,767 shares in the company, valued at approximately $3,003,133.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Clean Harbors news, Director Lauren States sold 1,148 shares of Clean Harbors stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the sale, the director now directly owns 13,767 shares in the company, valued at approximately $3,003,133.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The disclosure for this sale can be found here. Insiders have sold 65,344 shares of company stock worth $13,911,876 in the last three months. Company insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently made changes to their positions in CLH. Norges Bank bought a new position in shares of Clean Harbors in the 4th quarter valued at about $87,074,000. Deutsche Bank AG increased its position in shares of Clean Harbors by 3,711.0% during the 3rd quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock valued at $46,406,000 after purchasing an additional 270,009 shares during the last quarter. Wellington Management Group LLP raised its holdings in Clean Harbors by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after buying an additional 182,622 shares during the period. Ameriprise Financial Inc. lifted its position in Clean Harbors by 61.6% in the third quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock worth $65,983,000 after buying an additional 150,251 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new position in Clean Harbors during the fourth quarter worth $23,999,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

CLH opened at $226.18 on Friday. The company’s 50-day simple moving average is $210.50 and its two-hundred day simple moving average is $191.09. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07. The stock has a market capitalization of $12.20 billion, a P/E ratio of 32.73 and a beta of 1.22. Clean Harbors has a 52-week low of $132.92 and a 52-week high of $228.35.

Clean Harbors (NYSE:CLHGet Free Report) last issued its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.13. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company posted $1.36 earnings per share. As a group, analysts predict that Clean Harbors will post 7.47 EPS for the current year.

Clean Harbors Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Clean Harbors (NYSE:CLH)

Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.