Clean Harbors (NYSE:CLH) Now Covered by Analysts at Bank of America

Investment analysts at Bank of America started coverage on shares of Clean Harbors (NYSE:CLH) in a research report issued to clients and investors on Monday. The brokerage set a “buy” rating and a $360.00 price target on the business services provider’s stock. Bank of America‘s price target points to a potential upside of 18.36% from the stock’s previous close.

Several other brokerages have also issued reports on CLH. Wall Street Zen lowered Clean Harbors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company upped their target price on Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. The Goldman Sachs Group raised their price target on Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Citigroup boosted their price target on Clean Harbors from $346.00 to $349.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Robert W. Baird raised their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $330.21.

Clean Harbors Stock Performance

Shares of CLH opened at $304.14 on Monday. The company has a market capitalization of $16.07 billion, a PE ratio of 41.21 and a beta of 0.86. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The company’s 50 day moving average price is $293.45 and its 200 day moving average price is $286.68. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $316.98.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. Research analysts expect that Clean Harbors will post 8.59 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director owned 11,359 shares of the company’s stock, valued at $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quattro Advisors LLC bought a new stake in Clean Harbors during the fourth quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new stake in shares of Clean Harbors in the fourth quarter worth $26,000. Parkside Financial Bank & Trust boosted its holdings in shares of Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the period. MidFirst Bank bought a new stake in shares of Clean Harbors during the 4th quarter worth $28,000. Finally, Larson Financial Group LLC grew its stake in Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.