Clean Harbors, Inc. (NYSE:CLH) Receives $270.56 Consensus PT from Brokerages

As of March 20, 2025, Clean Harbors, Inc. (NYSE:CLH) has garnered a favorable consensus rating of "Buy" from the nine analysts monitoring the company, according to Marketbeat. Among these analysts, one has issued a hold rating, seven recommend buying the stock, and one analyst has given it a strong buy rating. The average target price set for Clean Harbors over the next twelve months stands at $266.56.

Various research analysts have provided insights into Clean Harbors' performance. On February 20, Robert W. Baird reduced their target price for the company from $285.00 to $272.00 while maintaining an "outperform" rating. In the same month, StockNews.com upgraded Clean Harbors from a "hold" rating to a "buy" rating. Conversely, Goldman Sachs lowered their target price from $250.00 to $220.00, opting for a "neutral" rating. On the same day, Oppenheimer adjusted its price objective slightly, bringing it down from $256.00 to $254.00, and still maintained an "outperform" rating. Additionally, Needham & Company LLC reiterated a buy rating for Clean Harbors and set a price target of $268.00.

Stock Performance of Clean Harbors

On the opening day of trading, shares of CLH were priced at $196.72. The company currently has a market capitalization of $10.59 billion, a price-to-earnings (PE) ratio of 26.51, and a beta value of 1.22. Clean Harbors has shown significant fluctuations in its stock over the past year, with a 12-month low of $186.54 and a high of $267.11. The stock's 50-day moving average is recorded at $221.86, while the 200-day moving average is at $237.29. The company's current ratio stands at 2.21, with a quick ratio of 1.76, and a debt-to-equity ratio of 1.08.

Clean Harbors last reported its earnings on February 19, 2025, revealing an earnings per share (EPS) of $1.55, which exceeded analysts' expectations of $1.36 by $0.19. The quarter's revenue totaled $1.43 billion, matching consensus estimates. The company demonstrated a robust return on equity of 16.33% and a net profit margin of 6.83%. This quarterly revenue represented a 6.9% increase compared to the same period last year. Analysts predict that Clean Harbors will achieve an EPS of 7.89 for the current fiscal year.

Insider Activity and Shareholder Updates

In recent insider transactions, Director Lauren States sold 308 shares of Clean Harbors on January 15 for approximately $73,624. This sale represented a 2.46% reduction in States' ownership, bringing her total holdings to 12,226 shares worth around $2.92 million. Additionally, CFO Eric J. Dugas purchased 1,050 shares on March 10 at an average price of $191.38, totaling approximately $200,949. This purchase increased his ownership stake by 4.53%, leaving him with 24,238 shares valued at around $4.64 million. In total, corporate insiders have sold about 3,341 shares valued at around $663,041 in the last three months, with insiders now holding 5.90% of the company’s stock.

Hedge Fund Activities Regarding Clean Harbors

Recent activities among hedge funds reflect growing interest in Clean Harbors. For instance, Hantz Financial Services Inc. increased its stake by 1.4% during the third quarter, acquiring an additional 39 shares to own 2,803 shares valued at approximately $678,000. Icon Wealth Advisors LLC also boosted their position by 8.4%, now possessing 581 shares worth about $140,000. In the fourth quarter, Traynor Capital Management Inc. increased its holdings by 3.6%, owning 1,450 shares valued at $334,000 after buying an additional 50 shares. CIBC Asset Management Inc. and Williamson Legacy Group LLC similarly increased their stakes, showcasing the confidence institutional investors have in Clean Harbors, which now has institutional ownership at around 90.43%.

About Clean Harbors, Inc.

Clean Harbors, Inc. provides a range of environmental and industrial services, operating through two main segments: Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment manages hazardous and non-hazardous waste, offering services such as resource recovery, disposal, and treatment, alongside specialized CleanPack services for laboratory chemicals and household waste disposal.

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