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

Shares of Clean Harbors, Inc. (NYSE:CLH) have earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $262.1667.

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Clean Harbors from $220.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a report on Monday, December 29th. Raymond James Financial reduced their price target on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research note on Thursday, October 30th. Citigroup upped their price objective on shares of Clean Harbors from $263.00 to $274.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th.

Clean Harbors Stock Down 0.2%

NYSE CLH opened at $260.89 on Thursday. The business has a fifty day moving average price of $246.74 and a two-hundred day moving average price of $236.93. The stock has a market capitalization of $13.94 billion, a PE ratio of 36.18 and a beta of 0.96. Clean Harbors has a fifty-two week low of $178.29 and a fifty-two week high of $268.22. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.09.

Insider Activity at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total transaction of $144,780.90. Following the sale, the chief executive officer owned 50,454 shares of the company’s stock, valued at $12,154,368.60. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Institutional investors and hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of Clean Harbors during the third quarter valued at about $30,000. V Square Quantitative Management LLC bought a new position in Clean Harbors in the 4th quarter valued at approximately $34,000. True Wealth Design LLC boosted its position in Clean Harbors by 102.7% during the 4th quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock worth $36,000 after buying an additional 77 shares during the period. Golden State Wealth Management LLC boosted its position in Clean Harbors by 145.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock worth $43,000 after buying an additional 109 shares during the period. Finally, Bayforest Capital Ltd bought a new stake in Clean Harbors during the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds 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.