Clean Harbors, Inc. (NYSE:CLH) Receives $270.56 Consensus PT from Analysts

Clean Harbors, Inc. (NYSE:CLH) has earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $266.56.

Several analysts recently issued reports on CLH shares. Truist Financial cut their price target 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. Robert W. Baird cut their price target 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. Oppenheimer cut their price target 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. BMO Capital Markets lowered their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, TD Cowen started 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.

Clean Harbors Trading Down 0.7 %

NYSE CLH opened at $196.43 on Monday. The stock has a market cap of $10.58 billion, a P/E ratio of 26.47 and a beta of 1.22. The company’s fifty day simple moving average is $220.56 and its 200-day simple moving average is $236.68. 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 has a 52 week low of $186.54 and a 52 week high of $267.11.

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

Insider Transactions at Clean Harbors

In other news, CFO Eric J. Dugas purchased 1,050 shares of the stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,341 shares of company stock worth $663,041. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PKO Investment Management Joint Stock Co bought a new position in Clean Harbors in the 4th quarter valued at about $3,452,000. Park Square Financial Group LLC bought a new position in Clean Harbors in the 4th quarter valued at about $182,000. Carolinas Wealth Consulting LLC grew its position in Clean Harbors by 2,800.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider’s stock valued at $60,000 after buying an additional 252 shares in the last quarter. Armis Advisers LLC bought a new position in Clean Harbors in the 4th quarter valued at about $327,000. Finally, Putney Financial Group LLC bought a new position in Clean Harbors in the 4th quarter valued at about $511,000. Institutional investors own 90.43% of the company’s stock.

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.