Clean Harbors, Inc. (NYSE:CLH) Stock Has Average Price Target of $355.29 According to Analysts

Shares of Clean Harbors, Inc. (NYSE:CLH) have been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $357.71.

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. William Blair initiated coverage on shares of Clean Harbors in a research report on Thursday, September 10th. They set an “outperform” rating on the stock. Wells Fargo & Company boosted their target price on Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $364.00 target price on shares of Clean Harbors in a research note on Thursday. Finally, Bank of America set a $377.00 price objective on Clean Harbors and gave the stock a “buy” rating in a report on Thursday, July 30th.

Clean Harbors Trading Up 0.5%

NYSE CLH opened at $320.69 on Tuesday. The company’s 50-day simple moving average is $316.55 and its two-hundred day simple moving average is $304.28. Clean Harbors has a one year low of $201.34 and a one year high of $335.94. The company has a market capitalization of $16.93 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The company had revenue of $1.74 billion for 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 for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.36 earnings per share. Equities analysts forecast that Clean Harbors will post 9.94 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Clean Harbors in the second quarter worth approximately $36,000. MidFirst Bank bought a new position in shares of Clean Harbors during the 4th quarter worth approximately $28,000. Elevation Wealth Partners LLC boosted its stake in shares of Clean Harbors by 317.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 142 shares of the business services provider’s stock worth $44,000 after buying an additional 108 shares during the last quarter. Root Financial Partners LLC grew its holdings in shares of Clean Harbors by 99.2% in the first quarter. Root Financial Partners LLC now owns 241 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 120 shares in the last quarter. Finally, Cedar Mountain Advisors LLC bought a new position in shares of Clean Harbors in the first quarter valued at approximately $116,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, industrial, and waste management services to commercial, industrial, government, and other customers. The company manages hazardous and non-hazardous waste through collection, transportation, treatment, recycling, and disposal services. It also provides emergency response services for chemical spills, environmental incidents, and other hazardous-material events.

Clean Harbors offers industrial maintenance and specialty services, including industrial cleaning, facility maintenance, chemical cleaning, waste handling, and turnaround support for refineries, manufacturing facilities, utilities, and other industrial operations.