Analysts Set Clean Harbors, Inc. (NYSE:CLH) Price Target at $261.40

Shares of Clean Harbors, Inc. (NYSE:CLH) have been given an average recommendation of “Buy” by the nine research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $271.00.

Several research firms recently weighed in on CLH. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC reduced their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Truist Financial upped their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer raised their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Robert W. Baird lowered their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $244.35 on Friday. The firm has a 50 day moving average of $252.32 and a 200-day moving average of $238.96. Clean Harbors has a 12 month low of $161.39 and a 12 month high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $13.17 billion, a PE ratio of 31.82 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts predict that Clean Harbors will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. This represents a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,447 shares of company stock valued at $4,576,829 in the last three months. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several large investors have recently modified their holdings of the company. Innealta Capital LLC acquired a new position in Clean Harbors in the second quarter valued at $25,000. UMB Bank n.a. raised its position in shares of Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after acquiring an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors in the 2nd quarter valued at about $56,000. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors during the 3rd quarter valued at about $56,000. Finally, CENTRAL TRUST Co grew its stake in Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.