Clean Harbors, Inc. (NYSE:CLH) Stock Has Consensus Target Price of $365.29

Shares of Clean Harbors, Inc. (NYSE:CLH) have earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $365.29.

A number of research firms have recently weighed in on CLH. Bank of America set a $377.00 target price on shares of Clean Harbors and gave the company a “buy” rating in a research report on Thursday, July 30th. TD Cowen increased their price target on Clean Harbors from $390.00 to $395.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. Oppenheimer increased their price target on Clean Harbors from $361.00 to $362.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. Barclays lifted their price objective on Clean Harbors from $335.00 to $338.00 and gave the stock an “equal weight” rating in a report on Friday, October 30th. Finally, Truist Financial set a $365.00 price objective on Clean Harbors in a research note on Thursday, October 29th.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the sale, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Karyn Polito purchased 125 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were acquired at an average price of $314.83 per share, for a total transaction of $39,353.75. Following the completion of the purchase, the director directly owned 4,252 shares in the company, valued at $1,338,657.16. This represents a 3.03% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Reyes Financial Architecture Inc. purchased a new stake in shares of Clean Harbors during the third quarter worth $31,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Clean Harbors in the second quarter worth $36,000. Elevation Wealth Partners LLC boosted its holdings in shares of Clean Harbors by 317.6% in the third quarter. Elevation Wealth Partners LLC now owns 142 shares of the business services provider’s stock worth $44,000 after acquiring an additional 108 shares during the period. Pension & Wealth Management Advisors Inc. bought a new position in shares of Clean Harbors in the third quarter worth $53,000. Finally, Root Financial Partners LLC purchased a new position in shares of Clean Harbors in the third quarter valued at $87,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $286.93 on Friday. The company has a market capitalization of $15.13 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.61 and a beta of 0.87. The company’s 50-day moving average is $313.01 and its 200 day moving average is $298.55. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.63 and a current ratio of 1.95. Clean Harbors has a fifty-two week low of $201.34 and a fifty-two week high of $335.94.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 28th. The business services provider reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.67. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.73 billion. Clean Harbors had a net margin of 8.05% and a return on equity of 18.27%. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.21 earnings per share. On average, equities research analysts forecast that Clean Harbors will post 10.33 earnings per share for the current year.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, industrial and hazardous waste management services to businesses and government organizations. Its services include the collection, transportation, treatment and disposal of hazardous and non-hazardous waste, as well as industrial cleaning and maintenance.

The company also offers emergency spill response and related environmental services. Through its Safety-Kleen operations, Clean Harbors collects and re-refines used oil and provides parts-cleaning and other environmental services to commercial and industrial customers.

Founded in 1980 and headquartered in Norwell, Massachusetts, Clean Harbors serves customers across North America.