Clean Harbors, Inc. (NYSE:CLH) Given Consensus Recommendation of “Buy” by Analysts

Clean Harbors, Inc. (NYSE:CLH) has been given a consensus rating of “Buy” by the nine analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $269.44.

Several brokerages recently issued reports on CLH. Oppenheimer increased their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. TD Cowen initiated coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird lowered their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 610 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction 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 trade represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,446 shares of company stock worth $2,112,800. 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 CLH. Hantz Financial Services Inc. boosted its stake in shares of Clean Harbors by 1.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock worth $678,000 after buying an additional 39 shares during the last quarter. Icon Wealth Advisors LLC increased 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 acquiring an additional 45 shares during the last quarter. Traynor Capital Management Inc. lifted its holdings in Clean Harbors by 3.6% in the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock valued at $334,000 after acquiring an additional 50 shares during the period. Signaturefd LLC boosted 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 purchasing an additional 52 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Clean Harbors by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 53 shares during the period. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Up 1.4 %

Shares of NYSE:CLH opened at $238.36 on Friday. The firm has a market capitalization of $12.85 billion, a P/E ratio of 31.04 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The stock has a 50 day moving average price of $240.30 and a 200-day moving average price of $242.04. Clean Harbors has a 52-week low of $167.86 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data 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 return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company posted $1.68 EPS. Clean Harbors’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Clean Harbors will post 7.21 EPS for the current fiscal year.

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.