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

Clean Harbors, Inc. (NYSE:CLH) has been given an average recommendation of “Buy” by the nine brokerages that are presently covering the company, MarketBeat.com 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 1-year price objective among brokers that have covered the stock in the last year is $271.00.

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

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $245.06, for a total value of $75,478.48. Following the transaction, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This represents a 2.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now directly owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,446 shares of company stock worth $2,119,483. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Barclays PLC raised its holdings in Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after acquiring an additional 8,639 shares in the last quarter. Driehaus Capital Management LLC raised its stake in Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock valued at $28,000,000 after purchasing an additional 18,058 shares in the last quarter. Bridges Investment Management Inc. acquired a new position in Clean Harbors in the second quarter valued at about $729,000. Advisor Resource Council bought a new stake in Clean Harbors during the third quarter worth about $926,000. Finally, Anthracite Investment Company Inc. bought a new position in Clean Harbors in the 3rd quarter valued at about $1,692,000. 90.43% of the stock is owned by institutional investors.

Clean Harbors Price Performance

Shares of CLH opened at $231.77 on Wednesday. The stock has a market cap of $12.49 billion, a P/E ratio of 30.18 and a beta of 1.24. Clean Harbors has a 1 year low of $161.39 and a 1 year high of $267.11. The stock’s 50-day moving average price is $245.42 and its two-hundred day moving average price is $240.76. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last posted its 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). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. On average, equities analysts predict that Clean Harbors will post 7.21 earnings per share for the current 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.