Clean Harbors, Inc. (NYSE:CLH) Receives $330.21 Average Target Price from Brokerages

Shares of Clean Harbors, Inc. (NYSE:CLH) have received a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $354.5714.

A number of brokerages recently issued reports on CLH. Bank of America set a $377.00 price objective on Clean Harbors and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets lifted their price target on shares of Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. TD Cowen lifted their price target on shares of Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Barclays upped their price target on shares of Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Needham & Company LLC increased their price objective on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday.

Clean Harbors Stock Performance

NYSE:CLH opened at $310.93 on Thursday. The stock has a 50-day simple moving average of $296.12 and a two-hundred day simple moving average of $289.34. Clean Harbors has a 52-week low of $201.34 and a 52-week high of $335.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The firm has a market capitalization of $16.41 billion, a PE ratio of 37.73, a P/E/G ratio of 2.06 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company earned $2.36 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts forecast that Clean Harbors will post 9.51 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director directly owned 8,979 shares in the company, valued at $2,819,495.79. The trade was a 8.08% 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, Director Lauren States sold 789 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Elyxium Wealth LLC purchased a new stake in Clean Harbors during the 4th quarter valued at approximately $26,000. Quattro Advisors LLC purchased a new position in shares of Clean Harbors in the fourth quarter worth $26,000. MidFirst Bank purchased a new position in Clean Harbors during the fourth quarter valued at $28,000. Parkside Financial Bank & Trust grew its stake in Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 115 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.