Clean Harbors, Inc. (NYSE:CLH) Receives $250.08 Consensus PT from Analysts

Shares of Clean Harbors, Inc. (NYSE:CLH) have been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $250.0833.

CLH has been the topic of several research analyst reports. CJS Securities raised Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Wells Fargo & Company began coverage on Clean Harbors in a research report on Thursday, November 13th. They set an “equal weight” rating and a $220.00 price target on the stock. Raymond James Financial cut their price objective on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 30th. Zacks Research lowered Clean Harbors from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Finally, Oppenheimer restated an “outperform” rating and set a $237.00 target price on shares of Clean Harbors in a report on Thursday, October 30th.

Clean Harbors Trading Up 0.1%

Clean Harbors stock traded up $0.16 during midday trading on Wednesday, hitting $239.96. 8,001 shares of the stock were exchanged, compared to its average volume of 455,711. The stock has a market capitalization of $12.82 billion, a PE ratio of 33.27 and a beta of 0.95. The company has a fifty day simple moving average of $226.72 and a two-hundred day simple moving average of $231.92. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. Clean Harbors has a 52 week low of $178.29 and a 52 week high of $251.43.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.16). Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business posted $2.12 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the sale, the chief executive officer directly owned 50,454 shares in the company, valued at $12,154,368.60. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.60% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

Several hedge funds and other institutional investors have recently modified their holdings of CLH. Deutsche Bank AG grew its holdings in shares of Clean Harbors by 228.4% during the first quarter. Deutsche Bank AG now owns 19,025 shares of the business services provider’s stock worth $3,750,000 after buying an additional 13,232 shares in the last quarter. Townsquare Capital LLC lifted its stake in Clean Harbors by 18.6% in the 1st quarter. Townsquare Capital LLC now owns 1,661 shares of the business services provider’s stock valued at $327,000 after acquiring an additional 261 shares in the last quarter. Nuveen LLC acquired a new position in Clean Harbors during the 1st quarter worth approximately $21,176,000. Horizon Investments LLC grew its stake in shares of Clean Harbors by 42.0% during the 1st quarter. Horizon Investments LLC now owns 284 shares of the business services provider’s stock worth $56,000 after acquiring an additional 84 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Clean Harbors during the 1st quarter worth approximately $410,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Company Profile

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.