Clean Harbors, Inc. (NYSE:CLH – Get Rating) reached a new 52-week high during trading on Monday . The company traded as high as $124.37 and last traded at $123.84, with a volume of 1998 shares trading hands. The stock had previously closed at $122.41.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on CLH shares. StockNews.com raised shares of Clean Harbors from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 4th. BMO Capital Markets increased their target price on Clean Harbors from $104.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, August 4th. Robert W. Baird boosted their price target on Clean Harbors from $131.00 to $150.00 in a report on Thursday, August 4th. Needham & Company LLC raised their price objective on Clean Harbors from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 4th. Finally, Raymond James raised their price objective on Clean Harbors from $135.00 to $145.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $137.38.
Get Clean Harbors alerts:Clean Harbors Price Performance
The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $6.48 billion, a P/E ratio of 21.24 and a beta of 1.43. The business has a 50 day simple moving average of $106.34 and a 200-day simple moving average of $101.27.
Clean Harbors (NYSE:CLH – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The business services provider reported $2.44 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.91. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.23 billion. Clean Harbors had a net margin of 6.70% and a return on equity of 18.40%. Clean Harbors's quarterly revenue was up 46.8% compared to the same quarter last year. During the same period last year, the firm posted $1.19 EPS. Analysts predict that Clean Harbors, Inc. will post 6.53 EPS for the current fiscal year.Insider Activity
In other Clean Harbors news, EVP Brian P. Weber sold 2,003 shares of Clean Harbors stock in a transaction on Friday, September 9th. The stock was sold at an average price of $122.42, for a total transaction of $245,207.26. Following the sale, the executive vice president now owns 62,103 shares of the company's stock, valued at approximately $7,602,649.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Andrea Robertson sold 1,095 shares of Clean Harbors stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $106.37, for a total transaction of $116,475.15. Following the sale, the director now directly owns 10,719 shares in the company, valued at $1,140,180.03. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 2,003 shares of the business's stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $122.42, for a total transaction of $245,207.26. Following the sale, the executive vice president now owns 62,103 shares in the company, valued at $7,602,649.26. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company's stock.
Institutional Trading of Clean Harbors
A number of hedge funds and other institutional investors have recently made changes to their positions in CLH. UMB Bank N A MO raised its holdings in Clean Harbors by 656.3% during the first quarter. UMB Bank N A MO now owns 242 shares of the business services provider's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Clean Harbors in the 1st quarter worth $29,000. Lazard Asset Management LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth $27,000. First Horizon Advisors Inc. raised its position in Clean Harbors by 149.3% in the second quarter. First Horizon Advisors Inc. now owns 339 shares of the business services provider's stock worth $29,000 after acquiring an additional 203 shares in the last quarter. Finally, Huntington National Bank raised its position in Clean Harbors by 153.9% in the first quarter. Huntington National Bank now owns 391 shares of the business services provider's stock worth $44,000 after acquiring an additional 237 shares in the last quarter. 88.85% of the stock is currently owned by institutional investors.
Clean Harbors Company Profile
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Clean Harbors, Inc provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.
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