Clean Harbors (NYSE:CLH) Posts Earnings Results, Beats Expectations By $0.19 EPS

Clean Harbors (NYSE:CLH) issued its quarterly earnings results on Wednesday. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19, Zacks reports. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%.

Clean Harbors Stock Performance

CLH stock opened at $226.79 on Wednesday. Clean Harbors has a 1 year low of $176.02 and a 1 year high of $267.11. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 29.53 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The stock’s fifty day moving average is $235.02 and its two-hundred day moving average is $242.45.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,477 shares of company stock worth $374,091. Insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

CLH has been the subject of several research analyst reports. Oppenheimer boosted their target price on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Truist Financial lifted their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, January 16th. Finally, TD Cowen assumed coverage on Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and a consensus price target of $269.44.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. 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 offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.