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

Clean Harbors, Inc. (NYSE:CLH) has earned an average rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $262.1667.

Several equities analysts have weighed in on the company. Needham & Company LLC increased their target price on Clean Harbors from $255.00 to $290.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. CJS Securities raised Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday, December 29th. Citigroup upped their target price on shares of Clean Harbors from $263.00 to $274.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Finally, Wells Fargo & Company boosted their price target on shares of Clean Harbors from $220.00 to $248.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the completion of the sale, the chief executive officer directly owned 50,454 shares in the company, valued at $12,154,368.60. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Elyxium Wealth LLC bought a new stake in shares of Clean Harbors during the fourth quarter worth $26,000. Root Financial Partners LLC acquired a new stake in shares of Clean Harbors in the 3rd quarter valued at about $30,000. Larson Financial Group LLC lifted its holdings in shares of Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. Manchester Capital Management LLC acquired a new position in shares of Clean Harbors during the fourth quarter worth about $31,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Clean Harbors during the fourth quarter worth about $34,000. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Down 2.6%

CLH stock traded down $7.18 during midday trading on Thursday, reaching $267.43. The company’s stock had a trading volume of 70,137 shares, compared to its average volume of 435,143. The business’s 50-day simple moving average is $250.34 and its 200-day simple moving average is $238.26. The stock has a market cap of $14.29 billion, a PE ratio of 37.09 and a beta of 0.96. Clean Harbors has a 52 week low of $178.29 and a 52 week high of $276.51. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00.

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.