Brokerages Set Clean Harbors, Inc. (NYSE:CLH) Price Target at $269.44

Clean Harbors, Inc. (NYSE:CLH) has earned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $270.56.

CLH has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. Truist Financial decreased their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Oppenheimer decreased their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. Finally, BMO Capital Markets decreased their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 20th.

Insider Activity

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at $15,507,703.26. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, the director now directly owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,785 shares of company stock valued at $444,558. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Putney Financial Group LLC acquired a new position in Clean Harbors during the 4th quarter valued at about $511,000. Toronto Dominion Bank acquired a new position in Clean Harbors during the 4th quarter valued at about $3,295,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Clean Harbors by 0.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 395,276 shares of the business services provider’s stock valued at $90,969,000 after purchasing an additional 3,284 shares during the period. Voloridge Investment Management LLC acquired a new position in Clean Harbors during the 4th quarter valued at about $543,000. Finally, Williams Jones Wealth Management LLC. raised its position in shares of Clean Harbors by 148.0% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 50,459 shares of the business services provider’s stock worth $11,613,000 after buying an additional 30,111 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

Clean Harbors stock opened at $211.99 on Thursday. Clean Harbors has a 12-month low of $180.37 and a 12-month high of $267.11. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 28.57 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The firm’s fifty day moving average price is $232.45 and its 200 day moving average price is $242.05.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm posted $1.82 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. On average, research analysts forecast that Clean Harbors will post 7.89 EPS for the current fiscal year.

Clean Harbors Company Profile

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.