Analysts Set Clean Harbors, Inc. (NYSE:CLH) Target Price at $322.08

Shares of Clean Harbors, Inc. (NYSE:CLH) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $322.0833.

A number of equities analysts have weighed in on CLH shares. The Goldman Sachs Group raised their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Needham & Company LLC raised their target price on shares of Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Oppenheimer raised their target price on shares of Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. BMO Capital Markets raised their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $320.00 target price on shares of Clean Harbors in a research note on Monday, February 23rd.

Clean Harbors Stock Performance

Shares of CLH opened at $301.36 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99. Clean Harbors has a one year low of $201.34 and a one year high of $316.98. The company has a 50-day simple moving average of $295.72 and a two-hundred day simple moving average of $263.60. The firm has a market capitalization of $15.93 billion, a PE ratio of 40.83 and a beta of 0.92.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the business posted $1.09 earnings per share. Clean Harbors’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that Clean Harbors will post 8.38 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 4,683 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the completion of the transaction, the executive vice president owned 48,728 shares of the company’s stock, valued at approximately $14,296,307.92. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eric J. Dugas sold 2,788 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the transaction, the chief financial officer directly owned 15,933 shares of the company’s stock, valued at $4,482,112.23. This represents a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 13,597 shares of company stock valued at $3,895,286. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently made changes to their positions in CLH. Integrated Wealth Concepts LLC increased its position in shares of Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Clean Harbors by 47.7% during the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 196 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Clean Harbors by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after acquiring an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Clean Harbors by 65.1% during the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Clean Harbors by 1.4% during the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

About Clean Harbors

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.