Key Points
- Clean Harbors director Karyn Polito purchased 125 shares at an average price of $314.83, investing $39,353.75 and increasing her ownership by 3.03% to 4,252 shares.
- Clean Harbors reported a strong quarter, with EPS of $3.93 beating estimates by $0.67 and revenue rising 20.7% year over year to $1.87 billion.
- Analysts maintain a favorable outlook, with the stock holding a consensus “Moderate Buy” rating and an average price target of $365.29; institutional investors own 90.43% of the shares.
Clean Harbors, Inc. (NYSE:CLH - Get Free Report) Director Karyn Polito acquired 125 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was purchased at an average price of $314.83 per share, with a total value of $39,353.75. Following the transaction, the director owned 4,252 shares in the company, valued at $1,338,657.16. This represents a 3.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Clean Harbors Stock Performance
Shares of Clean Harbors stock opened at $295.73 on Tuesday. The company has a market capitalization of $15.61 billion, a PE ratio of 29.69, a PEG ratio of 1.82 and a beta of 0.87. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94. The company has a current ratio of 1.95, a quick ratio of 1.80 and a debt-to-equity ratio of 0.92. The stock's fifty day simple moving average is $315.51 and its 200 day simple moving average is $297.93.
Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, October 28th. The business services provider reported $3.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.26 by $0.67. Clean Harbors had a return on equity of 18.27% and a net margin of 8.05%. The firm had revenue of $1.87 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period in the previous year, the firm earned $2.21 earnings per share. The company's revenue was up 20.7% on a year-over-year basis. On average, research analysts predict that Clean Harbors, Inc. will post 10.23 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on CLH shares. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Clean Harbors in a research report on Wednesday, July 29th. Needham & Company LLC increased their target price on Clean Harbors from $325.00 to $390.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Stifel Nicolaus lifted their price target on Clean Harbors from $337.00 to $364.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. BMO Capital Markets restated an "outperform" rating and issued a $364.00 price target on shares of Clean Harbors in a report on Thursday, October 15th. Finally, Weiss Ratings raised shares of Clean Harbors from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $365.29.
View Our Latest Report on Clean Harbors
Institutional Investors Weigh In On Clean Harbors
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Clean Harbors in the 2nd quarter valued at about $1,516,521,000. Jupiter Topco LLC bought a new stake in Clean Harbors during the second quarter worth about $477,570,000. Bessemer Group Inc. raised its holdings in Clean Harbors by 1.8% during the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider's stock worth $267,239,000 after acquiring an additional 16,747 shares in the last quarter. First Trust Advisors LP boosted its position in Clean Harbors by 10.0% during the first quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider's stock valued at $223,202,000 after purchasing an additional 70,447 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in Clean Harbors during the second quarter valued at approximately $142,801,000. 90.43% of the stock is owned by institutional investors.
About Clean Harbors
(
Get Free Report)
Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.
Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.
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