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

Clean Harbors, Inc. (NYSE:CLH) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the firm, Marketbeat 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 1-year price target among brokerages that have issued a report on the stock in the last year is $322.0833.

CLH has been the subject of a number of analyst reports. UBS Group lifted their price objective on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings cut shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Robert W. Baird lifted their price target on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and boosted their price target for the company from $302.00 to $346.00 in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company upped their price objective on shares of Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th.

Insiders Place Their Bets

In other Clean Harbors news, Director Marcy L. Reed sold 836 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total value of $240,717.84. Following the completion of the sale, the director owned 5,081 shares in the company, valued at approximately $1,463,023.14. This trade represents a 14.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the completion of the transaction, the chief executive officer directly owned 38,877 shares of the company’s stock, valued at approximately $11,390,961. This represents a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 6,519 shares of company stock valued at $1,907,663. 5.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Verus Capital Partners LLC acquired a new stake in Clean Harbors in the first quarter worth about $254,000. Edgestream Partners L.P. bought a new position in shares of Clean Harbors in the 1st quarter valued at about $249,000. EverSource Wealth Advisors LLC boosted its stake in shares of Clean Harbors by 0.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 9,948 shares of the business services provider’s stock valued at $2,852,000 after purchasing an additional 61 shares during the last quarter. California State Teachers Retirement System grew its position in shares of Clean Harbors by 22.5% during the 1st quarter. California State Teachers Retirement System now owns 59,158 shares of the business services provider’s stock worth $16,962,000 after buying an additional 10,858 shares during the period. Finally, Rithm Capital Corp. raised its stake in shares of Clean Harbors by 8.1% during the first quarter. Rithm Capital Corp. now owns 4,000 shares of the business services provider’s stock worth $1,147,000 after buying an additional 300 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Up 1.6%

CLH stock opened at $287.10 on Friday. Clean Harbors has a 1-year low of $201.34 and a 1-year high of $316.98. The firm has a market cap of $15.17 billion, a P/E ratio of 38.90 and a beta of 0.92. The business’s 50 day moving average is $295.91 and its 200-day moving average is $265.33. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last posted its earnings results 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. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.Clean Harbors’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. Equities analysts anticipate that Clean Harbors will post 8.38 earnings per share for the current fiscal year.

Clean Harbors Company Profile

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.