Clean Harbors Inc (NYSE:CLH) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Clean Harbors Inc (NYSE:CLH) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $83.71.

A number of equities analysts recently issued reports on CLH shares. ValuEngine lowered Clean Harbors from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Needham & Company LLC started coverage on Clean Harbors in a report on Friday, August 23rd. They issued a “buy” rating and a $86.00 price objective for the company. Zacks Investment Research raised Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Friday, August 2nd. CIBC raised Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price objective for the company in a report on Thursday, August 1st. Finally, Oppenheimer raised Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price objective for the company in a report on Thursday, August 1st.

In other Clean Harbors news, EVP Brian P. Weber sold 1,175 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $84.64, for a total value of $99,452.00. Following the completion of the sale, the executive vice president now directly owns 58,820 shares in the company, valued at $4,978,524.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP George L. Curtis sold 10,408 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $83.82, for a total value of $872,398.56. Following the completion of the sale, the vice president now owns 46,255 shares of the company’s stock, valued at $3,877,094.10. The disclosure for this sale can be found here. Insiders sold 20,793 shares of company stock valued at $1,721,347 over the last 90 days. 8.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLH. Aperio Group LLC lifted its position in shares of Clean Harbors by 56.2% during the 2nd quarter. Aperio Group LLC now owns 17,731 shares of the business services provider’s stock valued at $1,261,000 after acquiring an additional 6,376 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Clean Harbors during the 2nd quarter valued at $1,438,000. Arizona State Retirement System lifted its position in shares of Clean Harbors by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 36,900 shares of the business services provider’s stock valued at $2,624,000 after acquiring an additional 402 shares during the last quarter. BlackRock Inc. lifted its position in shares of Clean Harbors by 0.9% during the 2nd quarter. BlackRock Inc. now owns 4,587,760 shares of the business services provider’s stock valued at $326,188,000 after acquiring an additional 41,323 shares during the last quarter. Finally, Sigma Planning Corp lifted its position in shares of Clean Harbors by 30.5% during the 2nd quarter. Sigma Planning Corp now owns 4,145 shares of the business services provider’s stock valued at $295,000 after acquiring an additional 968 shares during the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

CLH stock traded up $0.63 on Thursday, reaching $85.29. The company’s stock had a trading volume of 177,341 shares, compared to its average volume of 378,880. Clean Harbors has a 52 week low of $46.21 and a 52 week high of $85.72. The company has a market capitalization of $4.76 billion, a P/E ratio of 67.69 and a beta of 1.61. The firm has a fifty day moving average of $78.92 and a two-hundred day moving average of $73.36. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.91 and a quick ratio of 1.60.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Clean Harbors had a return on equity of 8.01% and a net margin of 2.65%. The business had revenue of $891.70 million during the quarter, compared to analyst estimates of $875.51 million. During the same period in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that Clean Harbors will post 1.89 EPS for the current fiscal year.

Clean Harbors Company Profile

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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