Clean Harbors (NYSE:CLH) Sets New 1-Year High – What’s Next?

Clean Harbors, Inc. (NYSE:CLH)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $269.27 and last traded at $268.3950, with a volume of 80760 shares. The stock had previously closed at $265.98.

Analyst Upgrades and Downgrades

CLH has been the subject of several recent research reports. Wells Fargo & Company upped their price target on Clean Harbors from $220.00 to $248.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. UBS Group cut their price objective on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. CJS Securities upgraded shares of Clean Harbors to a “strong-buy” rating in a report on Thursday, December 11th. The Goldman Sachs Group raised their price target on shares of Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Finally, Oppenheimer upped their price objective on shares of Clean Harbors from $237.00 to $283.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $262.17.

Clean Harbors Price Performance

The firm has a market cap of $14.70 billion, a PE ratio of 38.17 and a beta of 0.96. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.09. The business’s fifty day moving average is $250.34 and its 200-day moving average is $238.26.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the completion of the sale, the chief executive officer directly owned 50,454 shares of the company’s stock, valued at $12,154,368.60. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CLH. Elyxium Wealth LLC purchased a new stake in Clean Harbors during the fourth quarter valued at about $26,000. Root Financial Partners LLC purchased a new stake in shares of Clean Harbors during the 3rd quarter valued at approximately $30,000. Larson Financial Group LLC lifted its stake in shares of Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares in the last quarter. Manchester Capital Management LLC bought a new position in Clean Harbors in the 4th quarter worth approximately $31,000. Finally, V Square Quantitative Management LLC purchased a new position in Clean Harbors in the 4th quarter valued at approximately $34,000. 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.