Clean Harbors Inc (NYSE:CLH) Receives $75.40 Consensus Target Price from Brokerages

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Shares of Clean Harbors Inc (NYSE:CLH) have received a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $75.40.

A number of brokerages have recently commented on CLH. UBS Group reiterated a “hold” rating on shares of Deutsche Bank in a report on Thursday, April 4th. TheStreet upgraded shares of Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th.

In other Clean Harbors news, insider Alan S. Mckim sold 38,682 shares of Clean Harbors stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $65.32, for a total value of $2,526,708.24. Following the completion of the sale, the insider now directly owns 3,659,858 shares of the company’s stock, valued at $239,061,924.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael Louis Battles sold 4,000 shares of Clean Harbors stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $71.85, for a total transaction of $287,400.00. Following the completion of the sale, the chief financial officer now directly owns 40,972 shares of the company’s stock, valued at $2,943,838.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,267 shares of company stock worth $4,196,255. 8.10% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CLH. Raymond James & Associates lifted its stake in shares of Clean Harbors by 5.7% during the 4th quarter. Raymond James & Associates now owns 12,846 shares of the business services provider’s stock valued at $634,000 after buying an additional 693 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Clean Harbors by 32.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,181 shares of the business services provider’s stock worth $354,000 after purchasing an additional 1,763 shares in the last quarter. Martingale Asset Management L P purchased a new stake in Clean Harbors in the 4th quarter worth approximately $624,000. Van ECK Associates Corp lifted its stake in Clean Harbors by 26.0% in the 4th quarter. Van ECK Associates Corp now owns 15,811 shares of the business services provider’s stock worth $780,000 after purchasing an additional 3,263 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Clean Harbors by 2.2% in the 4th quarter. Northern Trust Corp now owns 465,000 shares of the business services provider’s stock worth $22,948,000 after purchasing an additional 9,923 shares in the last quarter. 91.13% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CLH traded up $0.31 during midday trading on Friday, reaching $70.09. 11,040 shares of the company were exchanged, compared to its average volume of 274,251. The company’s 50-day moving average price is $68.15. The stock has a market capitalization of $3.87 billion, a PE ratio of 55.65 and a beta of 1.61. Clean Harbors has a one year low of $46.21 and a one year high of $77.24. The company has a current ratio of 1.92, a quick ratio of 1.59 and a debt-to-equity ratio of 1.33.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The company had revenue of $780.80 million for the quarter, compared to analyst estimates of $792.78 million. Clean Harbors had a net margin of 2.38% and a return on equity of 7.01%. Clean Harbors’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) earnings per share. Analysts forecast that Clean Harbors will post 1.82 EPS for the current fiscal 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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