Clean Harbors (NYSE:CLH) Now Covered by Analysts at TD Cowen

TD Cowen assumed coverage on shares of Clean Harbors (NYSE:CLH) in a report issued on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $325.00 target price on the business services provider’s stock.

Other research analysts have also recently issued research reports about the company. Truist Financial boosted their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Oppenheimer increased their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Needham & Company LLC dropped their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Robert W. Baird reduced their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and an average target price of $261.40.

Clean Harbors Stock Up 0.5 %

Shares of NYSE:CLH opened at $247.88 on Friday. The company has a 50 day moving average of $252.08 and a two-hundred day moving average of $237.94. Clean Harbors has a 52-week low of $161.39 and a 52-week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $13.36 billion, a price-to-earnings ratio of 32.28 and a beta of 1.22.

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

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Speights sold 610 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold 18,447 shares of company stock valued at $4,576,829 over the last quarter. Insiders own 5.90% of the company’s stock.

Institutional Trading of Clean Harbors

Several hedge funds have recently added to or reduced their stakes in CLH. Hantz Financial Services Inc. increased its holdings in shares of Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 39 shares during the period. Icon Wealth Advisors LLC grew its position in Clean Harbors by 8.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after buying an additional 45 shares in the last quarter. Fifth Third Bancorp increased 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 valued at $119,000 after buying an additional 50 shares during the period. MJP Associates Inc. ADV raised its position in shares of Clean Harbors by 1.1% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after buying an additional 51 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after acquiring an additional 52 shares during the period. Institutional investors own 90.43% of the company’s stock.

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.