Clean Harbors, Inc. (NYSE:CLH) Receives Consensus Rating of “Moderate Buy” from Analysts

Clean Harbors, Inc. (NYSE:CLH) has been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $299.2727.

A number of equities research analysts have commented on the stock. Oppenheimer raised their target price on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. TD Cowen reissued a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. BMO Capital Markets raised their price objective on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Barclays lifted their target price on shares of Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Finally, Zacks Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th.

Clean Harbors Stock Down 1.9%

NYSE CLH opened at $282.71 on Friday. Clean Harbors has a 52 week low of $178.29 and a 52 week high of $298.12. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $14.96 billion, a P/E ratio of 38.83 and a beta of 0.93. The stock’s 50-day moving average price is $276.55 and its 200-day moving average price is $247.66.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 EPS. On average, equities research analysts predict that Clean Harbors will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 value of $293,000.00. Following the transaction, the chief executive officer directly owned 38,877 shares in the company, valued at $11,390,961. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eric J. Dugas sold 2,788 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $281.31, for a total value of $784,292.28. Following the completion of the transaction, the chief financial officer directly owned 15,933 shares of the company’s stock, valued at approximately $4,482,112.23. This trade represents a 14.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 13,597 shares of company stock valued at $3,895,286. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. Quattro Advisors LLC purchased a new stake in Clean Harbors during the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC purchased a new position in shares of Clean Harbors in the fourth quarter worth $26,000. Parkside Financial Bank & Trust lifted its holdings in shares of Clean Harbors by 205.1% in 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 in the last quarter. MidFirst Bank bought a new position in shares of Clean Harbors during the fourth quarter worth $28,000. Finally, Root Financial Partners LLC bought a new position in shares of Clean Harbors during the third quarter worth $30,000. 90.43% of the stock is currently owned by institutional investors.

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.