Brokerages Set Clean Harbors, Inc. (NYSE:CLH) Price Target at $216.40

Shares of Clean Harbors, Inc. (NYSE:CLHGet Free Report) have been assigned a consensus rating of “Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $216.40.

CLH has been the topic of several research reports. Robert W. Baird upped their target price on Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Stifel Nicolaus restated a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a research note on Monday, April 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $235.00 price target on shares of Clean Harbors in a report on Thursday, May 2nd. BMO Capital Markets raised their price target on shares of Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, Raymond James upped their price objective on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a report on Thursday, May 2nd.

Read Our Latest Research Report on Clean Harbors

Insider Buying and Selling at Clean Harbors

In other news, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the sale, the insider now directly owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the transaction, the insider now owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,344 shares of company stock valued at $13,911,876. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Clean Harbors during the 4th quarter worth about $87,074,000. Deutsche Bank AG raised its holdings in shares of Clean Harbors by 3,711.0% during the third quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock valued at $46,406,000 after acquiring an additional 270,009 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Clean Harbors by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Clean Harbors by 61.6% in the third quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock worth $65,983,000 after acquiring an additional 150,251 shares during the last quarter. Finally, DAVENPORT & Co LLC purchased a new stake in shares of Clean Harbors during the fourth quarter worth approximately $23,999,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $226.94 on Friday. Clean Harbors has a fifty-two week low of $132.92 and a fifty-two week high of $228.18. The company has a market cap of $12.24 billion, a PE ratio of 32.84 and a beta of 1.22. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07. The business has a 50-day simple moving average of $208.87 and a two-hundred day simple moving average of $190.20.

Clean Harbors (NYSE:CLHGet Free Report) last released its earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the business earned $1.36 EPS. Clean Harbors’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities analysts expect that Clean Harbors will post 7.47 EPS for the current fiscal year.

Clean Harbors Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Clean Harbors (NYSE:CLH)

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