Brokerages Set Clean Harbors, Inc. (NYSE:CLH) PT at $299.27

Shares of Clean Harbors, Inc. (NYSE:CLH) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $299.2727.

Several equities analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Raymond James Financial reiterated a “strong-buy” rating and set a $320.00 target price on shares of Clean Harbors in a report on Monday, February 23rd. Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 25th. Robert W. Baird set a $300.00 price target on Clean Harbors in a report on Thursday, February 19th. Finally, Barclays raised their price target on Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd.

Clean Harbors Stock Up 0.1%

Clean Harbors stock opened at $297.18 on Friday. The company’s 50 day simple moving average is $279.05 and its 200 day simple moving average is $249.39. Clean Harbors has a fifty-two week low of $178.29 and a fifty-two week high of $299.55. The firm has a market capitalization of $15.72 billion, a price-to-earnings ratio of 40.82 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.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 earnings per share. As a group, sell-side analysts anticipate that Clean Harbors will post 7.89 EPS for the current year.

Insider Activity

In other Clean Harbors news, CFO Eric J. Dugas sold 2,788 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the sale, the chief financial officer directly owned 15,933 shares in the company, valued at approximately $4,482,112.23. This trade represents a 14.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the completion of the transaction, the chief executive officer owned 38,877 shares of the company’s stock, valued at $11,390,961. This trade represents a 2.51% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 13,597 shares of company stock worth $3,895,286. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of large investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new stake in shares of Clean Harbors in the fourth quarter valued at about $26,000. Quattro Advisors LLC bought a new position in shares of Clean Harbors during the fourth quarter worth about $26,000. MidFirst Bank acquired a new stake in Clean Harbors in the 4th quarter valued at approximately $28,000. Parkside Financial Bank & Trust lifted its stake in Clean Harbors by 205.1% in the 4th 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, Root Financial Partners LLC bought a new stake in Clean Harbors in the 3rd quarter valued at approximately $30,000. Institutional investors own 90.43% of the company’s stock.

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.