Clean Harbors, Inc. (CLH) – What Are Researchers Thinking About This Stock?

Clean Harbors, Inc. (NYSE:CLH) has been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $357.71.

Several equities research analysts have commented on the company. Bank of America set a $377.00 price objective on Clean Harbors and gave the stock a “buy” rating in a research report on Thursday, July 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $375.00 target price on shares of Clean Harbors in a report on Thursday, July 30th. Citigroup lifted their target price on shares of Clean Harbors from $376.00 to $378.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings upgraded shares of Clean Harbors from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 24th. Finally, Wells Fargo & Company increased their price target on shares of Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric Gerstenberg sold 2,500 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the transaction, the chief executive officer owned 56,793 shares in the company, valued at approximately $18,249,862.62. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the sale, the director directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

A number of large investors have recently bought and sold shares of CLH. BlackRock Inc. acquired a new stake in shares of Clean Harbors in the second quarter worth approximately $1,516,521,000. Janus Henderson Group PLC raised its stake in Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after purchasing an additional 215,659 shares during the last quarter. Jupiter Topco LLC acquired a new position in Clean Harbors in the 2nd quarter valued at $477,570,000. Bessemer Group Inc. lifted its holdings 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 purchasing an additional 16,747 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Clean Harbors by 10.0% in the 1st quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock valued at $223,202,000 after purchasing an additional 70,447 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Down 0.9%

Shares of CLH opened at $317.14 on Tuesday. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $335.94. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $16.74 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 1.86 and a beta of 0.87. The stock’s 50-day moving average price is $316.92 and its 200-day moving average price is $304.77.

Clean Harbors (NYSE:CLH) last posted its earnings results 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. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%. Clean Harbors’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $2.36 earnings per share. On average, sell-side analysts predict that Clean Harbors will post 9.94 EPS for the current year.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.