Clean Harbors, Inc. (NYSE:CLH) Receives $242.40 Consensus Target Price from Analysts

Clean Harbors, Inc. (NYSE:CLH) has earned a consensus recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $242.40.

Several research firms have recently weighed in on CLH. Stifel Nicolaus reissued a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Robert W. Baird increased their price target on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday. Oppenheimer raised their target price on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC lifted their target price on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $238.43 on Monday. Clean Harbors has a twelve month low of $132.92 and a twelve month high of $251.65. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average of $237.89 and a two-hundred day moving average of $220.22. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 34.51 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.21 by $0.25. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 earnings per share. As a group, analysts expect that Clean Harbors will post 7.65 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lauren States sold 309 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. The disclosure for this sale can be found here. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in shares of Clean Harbors during the 2nd quarter worth $25,000. Rise Advisors LLC acquired a new position in Clean Harbors during the first quarter worth $27,000. GAMMA Investing LLC raised its holdings in Clean Harbors by 47.9% during the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after buying an additional 56 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Clean Harbors in the fourth quarter worth about $50,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Clean Harbors in the second quarter worth about $56,000. Institutional investors own 90.43% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.