Clean Harbors, Inc. (NYSE:CLH) Receives $314.00 Consensus Price Target from Brokerages

Clean Harbors, Inc. (NYSE:CLH) has been given a consensus recommendation of “Moderate Buy” by the fifteen research firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $314.00.

A number of research analysts have weighed in on CLH shares. Wells Fargo & Company upped their target price on Clean Harbors from $291.00 to $309.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 18th. Truist Financial upped their target price on Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Monday. Zacks Research upgraded Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. TD Cowen reiterated a “buy” rating on shares of Clean Harbors in a report on Thursday, February 19th. Finally, Barclays upped their target price on Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd.

Insider Activity

In other Clean Harbors news, EVP Brian P. Weber sold 4,683 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the transaction, the executive vice president owned 48,728 shares in the company, valued at approximately $14,296,307.92. This represents a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $281.31, for a total value of $784,292.28. Following the transaction, the chief financial officer owned 15,933 shares in the company, valued at $4,482,112.23. This trade represents a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 13,597 shares of company stock worth $3,895,286. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Clean Harbors

Hedge funds have recently made changes to their positions in the stock. Quattro Advisors LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its position in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. MidFirst Bank bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $28,000. Finally, Root Financial Partners LLC bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $30,000. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Up 1.9%

Shares of NYSE:CLH opened at $310.18 on Tuesday. Clean Harbors has a 1 year low of $201.34 and a 1 year high of $316.98. The company has a market cap of $16.54 billion, a PE ratio of 42.61 and a beta of 0.94. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The stock’s 50-day moving average is $290.68 and its 200 day moving average is $256.53.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business earned $1.55 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Sell-side analysts anticipate that Clean Harbors will post 8.25 EPS for the current year.

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.