Clean Harbors, Inc. (NYSE:CLH) Receives $271.00 Consensus PT from Analysts

Clean Harbors, Inc. (NYSE:CLH) has received an average rating of “Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $271.00.

Several research firms have recently commented on CLH. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Truist Financial lifted their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Oppenheimer lifted their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the transaction, the chief executive officer now owns 55,657 shares of the company’s stock, valued at approximately $13,937,625.94. The trade was a 9.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,446 shares of company stock valued at $2,119,483. Company insiders own 5.90% of the company’s stock.

Institutional Trading of Clean Harbors

Hedge funds have recently bought and sold shares of the stock. Northcape Capital Pty Ltd lifted its stake in shares of Clean Harbors by 8.0% in the fourth quarter. Northcape Capital Pty Ltd now owns 10,381 shares of the business services provider’s stock valued at $2,389,000 after buying an additional 768 shares during the period. Central Pacific Bank Trust Division grew its holdings in shares of Clean Harbors by 35.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 947 shares of the business services provider’s stock worth $218,000 after purchasing an additional 247 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $324,000. GAMMA Investing LLC increased its position in shares of Clean Harbors by 10.1% during the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 57 shares during the period. Finally, Versant Capital Management Inc lifted its position in Clean Harbors by 17.8% in the fourth quarter. Versant Capital Management Inc now owns 384 shares of the business services provider’s stock worth $88,000 after purchasing an additional 58 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Down 0.6 %

NYSE:CLH opened at $228.55 on Wednesday. Clean Harbors has a 1-year low of $162.36 and a 1-year high of $267.11. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 29.76 and a beta of 1.24. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The business’s fifty day moving average price is $244.20 and its 200 day moving average price is $240.80.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. Clean Harbors’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $1.68 earnings per share. On average, sell-side analysts forecast that Clean Harbors will post 7.21 earnings per share for the current fiscal year.

Clean Harbors Company Profile

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.