Brokerages Set Clean Harbors, Inc. (NYSE:CLH) Target Price at $354.57

Shares of Clean Harbors, Inc. (NYSE:CLH) have received an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $354.5714.

Several brokerages have recently weighed in on CLH. BMO Capital Markets increased their price target on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $375.00 price objective on shares of Clean Harbors in a research report on Thursday, July 30th. TD Cowen increased their target price on Clean Harbors from $335.00 to $380.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Needham & Company LLC lifted their target price on Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th.

Clean Harbors Trading Down 0.4%

Shares of Clean Harbors stock opened at $310.56 on Monday. Clean Harbors has a twelve month low of $201.34 and a twelve month high of $335.94. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $307.51 and a 200-day moving average price of $296.28. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.01 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the company earned $2.36 EPS. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts anticipate that Clean Harbors will post 9.72 EPS for the current fiscal year.

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares in the company, valued at $18,249,862.62. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the sale, the director directly owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CLH. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Clean Harbors during the 2nd quarter worth approximately $992,000. California State Teachers Retirement System increased its stake in shares of Clean Harbors by 29,329.1% in the second quarter. California State Teachers Retirement System now owns 17,409,656 shares of the business services provider’s stock worth $5,201,135,000 after acquiring an additional 17,350,498 shares during the period. Wedmont Private Capital raised its holdings in shares of Clean Harbors by 18.6% during the second quarter. Wedmont Private Capital now owns 930 shares of the business services provider’s stock worth $283,000 after purchasing an additional 146 shares during the last quarter. HB Wealth Management LLC lifted its position in Clean Harbors by 7.2% during the second quarter. HB Wealth Management LLC now owns 1,506 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 101 shares during the period. Finally, AlphaGrep UK Ltd purchased a new stake in Clean Harbors in the second quarter valued at $599,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.