Clean Harbors (NYSE:CLH) Reaches New 1-Year High – Still a Buy?

Clean Harbors, Inc. (NYSE:CLH)’s stock price hit a new 52-week high on Monday . The stock traded as high as $260.00 and last traded at $259.92, with a volume of 3516 shares. The stock had previously closed at $258.55.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CLH shares. Stifel Nicolaus restated a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Needham & Company LLC lifted their target price on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group upped their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Finally, Truist Financial boosted their price objective on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and a consensus price target of $242.40.

Clean Harbors Stock Performance

The company has a market cap of $14.04 billion, a PE ratio of 37.42 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. The stock’s 50-day simple moving average is $241.40 and its 200 day simple moving average is $224.02.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the firm earned $2.13 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Insider Activity at Clean Harbors

In other news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 309 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

A number of large investors have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of Clean Harbors in the second quarter valued at approximately $25,000. Rise Advisors LLC purchased a new position in Clean Harbors during the first quarter worth $27,000. GAMMA Investing LLC raised its holdings in shares of Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after acquiring an additional 56 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 83 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Clean Harbors in the second quarter valued at $56,000. 90.43% of the stock is owned by institutional investors and hedge funds.

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.