Clean Harbors, Inc. (NYSE:CLH) Receives $354.57 Average Price Target from Analysts

Shares of Clean Harbors, Inc. (NYSE:CLH) have been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $354.5714.

CLH has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Clean Harbors in a research report on Wednesday, July 29th. William Blair initiated coverage on Clean Harbors in a research note on Thursday, September 10th. They issued an “outperform” rating for the company. Bank of America set a $377.00 price objective on Clean Harbors and gave the company a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus upped their target price on Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Truist Financial lifted their price target on shares of Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a research report on Thursday, July 30th.

Clean Harbors Trading Up 0.7%

NYSE:CLH opened at $313.57 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $16.55 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.01 and a beta of 0.85. The firm has a fifty day simple moving average of $314.18 and a two-hundred day simple moving average of $300.70. Clean Harbors has a 12 month low of $201.34 and a 12 month high of $335.94.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.41. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.36 earnings per share. Analysts expect that Clean Harbors will post 9.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Eric Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the transaction, the chief executive officer directly owned 56,793 shares in the company, valued at $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was 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. 5.00% of the stock is currently owned by company insiders.

Institutional Trading of Clean Harbors

Several institutional investors have recently made changes to their positions in CLH. Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its stake in shares of Clean Harbors by 94.4% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock worth $4,874,000 after purchasing an additional 8,252 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Clean Harbors during the 4th quarter valued at approximately $938,000. Swedbank AB boosted its holdings in Clean Harbors by 7.1% in the 4th quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock worth $35,172,000 after buying an additional 10,000 shares during the period. Janus Henderson Group PLC boosted its holdings in Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after buying an additional 215,659 shares during the period. Finally, Bessemer Group Inc. grew its stake in Clean Harbors by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock valued at $267,239,000 after buying an additional 16,747 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy and industrial services throughout the United States and Canada. The company manages hazardous and non-hazardous waste through services that include collection, transportation, treatment, disposal, recycling and incineration. It also provides emergency spill response, wastewater treatment and specialized environmental remediation.

Through its industrial services operations, Clean Harbors supports refineries, chemical plants, utilities, manufacturers and other industrial customers with maintenance, cleaning, turnaround and specialty services.