Clean Harbors, Inc. (NYSE:CLH) Receives $323.23 Consensus PT from Brokerages

Clean Harbors, Inc. (NYSE:CLH) has earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $323.2308.

Several analysts have recently commented on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and set a $320.00 price objective on shares of Clean Harbors in a research report on Monday, February 23rd. Truist Financial boosted their target price on shares of Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Monday, April 20th. TD Cowen increased their target price on shares of Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Oppenheimer lifted their price target 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. Finally, Wells Fargo & Company upped their price objective on shares of Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th.

Clean Harbors Stock Performance

CLH stock opened at $289.32 on Wednesday. The stock has a 50-day moving average price of $294.90 and a 200-day moving average price of $274.60. Clean Harbors has a 1-year low of $201.34 and a 1-year high of $316.98. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. The firm has a market cap of $15.29 billion, a PE ratio of 39.20 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. As a group, equities research analysts expect that Clean Harbors will post 8.5 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lauren States sold 789 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. The trade was a 6.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quattro Advisors LLC bought a new position in shares of Clean Harbors in the 4th quarter worth $26,000. Elyxium Wealth LLC acquired a new position in Clean Harbors during the fourth quarter worth $26,000. Parkside Financial Bank & Trust raised its holdings in Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the last quarter. MidFirst Bank bought a new position in shares of Clean Harbors in the fourth quarter valued at $28,000. Finally, Larson Financial Group LLC grew its holdings in shares of Clean Harbors by 676.5% during the fourth 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 during the last quarter. Institutional investors own 90.43% of the company’s stock.

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.