Brokerages Set Clean Harbors, Inc. (NYSE:CLH) Price Target at $242.40

Clean Harbors, Inc. (NYSE:CLH) has been given an average rating of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat Ratings 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $242.40.

CLH has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Robert W. Baird boosted their price objective on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Needham & Company LLC upped their price target on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Moody National Bank Trust Division lifted its holdings in Clean Harbors by 1.0% in the second quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock valued at $1,095,000 after buying an additional 47 shares during the period. Quent Capital LLC increased its position in shares of Clean Harbors by 6.9% in the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock valued at $164,000 after buying an additional 47 shares in the last quarter. Fifth Third Bancorp raised its stake in Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after buying an additional 50 shares during the period. MJP Associates Inc. ADV lifted its holdings in Clean Harbors by 1.1% during the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after acquiring an additional 51 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $238.28 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. The stock has a market capitalization of $12.85 billion, a P/E ratio of 34.48 and a beta of 1.20. The business has a 50-day moving average of $237.89 and a two-hundred day moving average of $219.77. Clean Harbors has a fifty-two week low of $132.92 and a fifty-two week high of $251.65.

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