Clean Harbors, Inc. (NYSE:CLH) Receives $269.44 Average PT from Brokerages

Clean Harbors, Inc. (NYSE:CLH) has received an average rating of “Buy” from the nine brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $270.56.

A number of analysts recently commented on the stock. Robert W. Baird dropped their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. TD Cowen assumed coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Truist Financial dropped their target price 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. Oppenheimer dropped their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th.

Clean Harbors Stock Down 2.8 %

CLH stock opened at $211.99 on Thursday. Clean Harbors has a 52 week low of $180.37 and a 52 week high of $267.11. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 28.57 and a beta of 1.24. The firm’s 50-day moving average is $232.45 and its two-hundred day moving average is $242.05. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm earned $1.82 EPS. Clean Harbors’s revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Brian P. Weber sold 861 shares of the business’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 transaction of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the transaction, the director now directly owns 12,534 shares in the company, valued at $3,071,582.04. The trade was a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock worth $444,558 over the last 90 days. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its position in Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 39 shares in the last quarter. Icon Wealth Advisors LLC grew its position in Clean Harbors by 8.4% during the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 45 shares in the last quarter. Traynor Capital Management Inc. grew its position in Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC grew its position in Clean Harbors by 11.8% in the third quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after acquiring an additional 52 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Clean Harbors by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after acquiring an additional 53 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other 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.