Clean Harbors, Inc. (NYSE:CLH) Given Consensus Rating of “Moderate Buy” by Analysts

Clean Harbors, Inc. (NYSE:CLH) has earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $260.40.

A number of research analysts recently commented on the company. StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a research note on Thursday, April 10th. Stifel Nicolaus decreased their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Oppenheimer cut their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, Truist Financial cut their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th.

Insiders Place Their Bets

In other Clean Harbors news, CFO Eric J. Dugas purchased 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda purchased a new stake in shares of Clean Harbors in the 4th quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after buying an additional 159 shares during the period. Allworth Financial LP lifted its holdings in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after buying an additional 103 shares during the period. Assetmark Inc. boosted its position in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 205 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Clean Harbors during the 4th quarter worth approximately $56,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 1.8 %

Shares of CLH stock opened at $205.99 on Friday. The company has a market capitalization of $11.09 billion, a PE ratio of 27.76 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The business’s fifty day moving average is $204.94 and its 200 day moving average is $230.79. Clean Harbors has a 52-week low of $178.29 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during 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 business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.82 EPS. On average, equities research analysts anticipate that Clean Harbors will post 7.89 EPS for the current fiscal year.

Clean Harbors Company Profile

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.