Clean Harbors (NYSE:CLH) Hits New 1-Year High – Should You Buy?

Clean Harbors, Inc. (NYSE:CLH) shares reached a new 52-week high on Wednesday . The stock traded as high as $298.12 and last traded at $296.60, with a volume of 488198 shares. The stock had previously closed at $297.02.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CLH shares. Wells Fargo & Company lifted their price objective on shares of Clean Harbors from $248.00 to $291.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. 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. BMO Capital Markets lifted their price target on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Truist Financial boosted their price objective on Clean Harbors from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Finally, Robert W. Baird set a $300.00 price objective on Clean Harbors in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average price target of $292.18.

Clean Harbors Trading Down 0.1%

The company has a market capitalization of $15.69 billion, a P/E ratio of 40.74 and a beta of 0.93. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The firm has a fifty day moving average price of $262.51 and a 200-day moving average price of $242.46.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company posted $1.55 earnings per share. Clean Harbors’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Sharon M. Gabriel sold 3,540 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $282.07, for a total transaction of $998,527.80. Following the sale, the executive vice president directly owned 23,193 shares in the company, valued at approximately $6,542,049.51. The trade was a 13.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eric J. Dugas sold 2,788 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $281.31, for a total value of $784,292.28. Following the completion of the transaction, the chief financial officer owned 15,933 shares in the company, valued at $4,482,112.23. This represents a 14.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 7,679 shares of company stock valued at $2,132,403. 5.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors have recently made changes to their positions in the stock. Allworth Financial LP lifted its holdings in shares of Clean Harbors by 22.8% during the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock worth $54,000 after acquiring an additional 43 shares during the last quarter. MAI Capital Management raised its position in Clean Harbors by 6.1% during the second quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 48 shares in the last quarter. HB Wealth Management LLC lifted its stake in Clean Harbors by 5.2% during the third quarter. HB Wealth Management LLC now owns 990 shares of the business services provider’s stock worth $230,000 after purchasing an additional 49 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Clean Harbors by 0.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider’s stock worth $2,197,000 after purchasing an additional 49 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Clean Harbors by 5.4% during the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 53 shares during 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.