Clean Harbors Inc (CLH) Receives Average Rating of “Buy” from Analysts

Shares of Clean Harbors Inc (NYSE:CLH) have been given an average recommendation of “Buy” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $72.83.

CLH has been the topic of several analyst reports. Zacks Investment Research lowered shares of Clean Harbors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 2nd. UBS Group raised shares of Clean Harbors from a “sell” rating to a “neutral” rating in a report on Thursday, January 10th. BMO Capital Markets boosted their price target on shares of Clean Harbors from $60.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, February 28th. Finally, TheStreet raised shares of Clean Harbors from a “c+” rating to a “b-” rating in a report on Tuesday, March 12th.

In other Clean Harbors news, Director Andrea Robertson sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $66.75, for a total value of $66,750.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Rod Marlin sold 10,000 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $68.50, for a total transaction of $685,000.00. Following the completion of the sale, the director now directly owns 39,234 shares in the company, valued at approximately $2,687,529. The disclosure for this sale can be found here. Insiders sold a total of 16,777 shares of company stock worth $1,156,877 in the last three months. Insiders own 8.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. bought a new stake in shares of Clean Harbors in the 4th quarter worth about $30,000. Quantamental Technologies LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth about $34,000. Enlightenment Research LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth about $35,000. Belpointe Asset Management LLC bought a new stake in shares of Clean Harbors in the 3rd quarter worth about $128,000. Finally, Flagship Harbor Advisors LLC grew its holdings in shares of Clean Harbors by 1,357.9% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,041 shares of the business services provider’s stock worth $145,000 after purchasing an additional 1,901 shares during the last quarter. 93.03% of the stock is currently owned by institutional investors and hedge funds.

NYSE:CLH traded up $0.67 during trading hours on Friday, hitting $74.24. 312,945 shares of the company traded hands, compared to its average volume of 399,525. The stock has a market cap of $4.15 billion, a P/E ratio of 58.92 and a beta of 1.55. Clean Harbors has a twelve month low of $44.74 and a twelve month high of $75.01. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.00 and a quick ratio of 1.66.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 27th. The business services provider reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The firm had revenue of $858.20 million during the quarter, compared to analysts’ expectations of $824.69 million. Clean Harbors had a net margin of 1.99% and a return on equity of 6.06%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS. As a group, equities research analysts anticipate that Clean Harbors will post 1.73 EPS for the current year.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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Analyst Recommendations for Clean Harbors (NYSE:CLH)

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