Analysts Set Clean Harbors, Inc. (NYSE:CLH) PT at $354.57

Clean Harbors, Inc. (NYSE:CLH) has been given an average recommendation of “Moderate Buy” by the seventeen analysts that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $354.5714.

CLH has been the topic of several analyst reports. UBS Group lifted their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Needham & Company LLC raised their price objective on shares of Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Bank of America set a $377.00 target price on shares of Clean Harbors and gave the stock a “buy” rating in a report on Thursday, July 30th. Weiss Ratings upgraded Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th.

Insider Activity

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This trade represents a 4.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the sale, the director owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Several institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its position in shares of Clean Harbors by 29,329.1% in the second quarter. California State Teachers Retirement System now owns 17,409,656 shares of the business services provider’s stock worth $5,201,135,000 after buying an additional 17,350,498 shares in the last quarter. BlackRock Inc. purchased a new position in Clean Harbors during the 2nd quarter valued at approximately $1,516,521,000. Jupiter Topco LLC purchased a new position in Clean Harbors during the 2nd quarter valued at approximately $477,570,000. Norges Bank bought a new stake in Clean Harbors in the 4th quarter worth approximately $152,195,000. Finally, Durable Capital Partners LP purchased a new stake in shares of Clean Harbors during the 3rd quarter worth approximately $133,217,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Up 1.5%

NYSE CLH opened at $313.20 on Monday. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $335.94. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $16.53 billion, a P/E ratio of 38.01, a price-to-earnings-growth ratio of 1.99 and a beta of 0.86. The stock’s 50-day moving average price is $306.62 and its 200-day moving average price is $295.86.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.36 EPS. On average, equities research analysts predict that Clean Harbors will post 9.72 earnings per share for the current 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.