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

Clean Harbors, Inc. (NYSE:CLH) has been given an average recommendation of “Moderate Buy” by the sixteen analysts that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $323.2308.

Several research firms have recently weighed in on CLH. Truist Financial lifted their target price on shares of Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a report on Monday, April 20th. Needham & Company LLC increased their price target on shares of Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group raised their price target on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Wells Fargo & Company upped their price objective on shares of Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Barclays increased their target price on shares of Clean Harbors from $280.00 to $304.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Institutional Trading of Clean Harbors

Several institutional investors have recently modified their holdings of CLH. Janus Henderson Group PLC increased its stake in shares of Clean Harbors by 10.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after purchasing an additional 215,659 shares in the last quarter. State Street Corp raised its position in shares of Clean Harbors by 0.8% during the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after purchasing an additional 12,452 shares during the last quarter. Nordea Investment Management AB lifted its stake in Clean Harbors by 120.8% in the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after buying an additional 569,388 shares in the last quarter. Bessemer Group Inc. lifted its stake in Clean Harbors by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock valued at $267,239,000 after buying an additional 16,747 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Clean Harbors by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock worth $215,247,000 after buying an additional 11,020 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Down 0.1%

Shares of CLH opened at $291.00 on Friday. The company has a market capitalization of $15.38 billion, a price-to-earnings ratio of 39.43 and a beta of 0.86. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $316.98. The stock’s 50-day moving average price is $292.82 and its 200-day moving average price is $279.56. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the previous year, the company posted $1.09 earnings per share. Clean Harbors’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that Clean Harbors will post 8.5 EPS 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.