Reasons why Clean Harbors Inc.’s (NYSE:CLH) fundamentals are futile

In yesterday’s Wall Street session, Clean Harbors Inc. (NYSE:CLH) shares traded at $138.23, up 1.62% from the previous session.

9 analysts cover Clean Harbors Inc. (NYSE:CLH), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $175.00 and a low of $130.00, we find $154.00. Given the previous closing price of $136.03, this indicates a potential upside of 13.21 percent. CLH stock price is now 9.24% away from the 50-day moving average and 23.07% away from the 200-day moving average. The market capitalization of the company currently stands at $7.47B.

The stock has received a hold rating from 2 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $151.67 as their price target over the next twelve months.

With the price target maintained at $135, UBS recently Downgraded its rating from Buy to Neutral for Clean Harbors Inc. (NYSE: CLH). On April 05, 2022, Goldman Upgraded its previous ‘Sell’ rating to ‘Neutral’ on the stock increasing its target price from $95 to quote $120, while ‘DA Davidson’ rates the stock as ‘Buy’.

In other news, BANUCCI EUGENE G, Director sold 5,000 shares of the company’s stock on Mar 07. The stock was sold for $669,850 at an average price of $133.97. Upon completion of the transaction, the Director now directly owns 20,618 shares in the company, valued at $2.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 02, Director PRESTON JOHN T sold 3,750 shares of the business’s stock. A total of $505,875 was realized by selling the stock at an average price of $134.90. This leaves the insider owning 7,627 shares of the company worth $1.05 million. Insiders disposed of 354,683 shares of company stock worth roughly $49.03 million over the past 1 year. A total of 6.30% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in CLH stock. A new stake in Clean Harbors Inc. shares was purchased by ZURICH INSURANCE GROUP LTD/FI during the first quarter worth $49,113,000. THEMATICS ASSET MANAGEMENT invested $41,507,000 in shares of CLH during the first quarter. In the first quarter, OPHIR ASSET MANAGEMENT PTY LTD acquired a new stake in Clean Harbors Inc. valued at approximately $27,411,000. MOODY ALDRICH PARTNERS LLC acquired a new stake in CLH for approximately $5,580,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in CLH valued at around $4,800,000 in the second quarter. In total, there are 540 active investors with 93.70% ownership of the company’s stock.

On Wednesday morning Clean Harbors Inc. (NYSE: CLH) stock kicked off with the opening price of $136.32. During the past 12 months, Clean Harbors Inc. has had a low of $81.56 and a high of $137.27. As of last week, the company has a debt-to-equity ratio of 1.26, a current ratio of 2.00, and a quick ratio of 1.70. The fifty day moving average price for CLH is $127.03 and a two-hundred day moving average price translates $112.56 for the stock.

The latest earnings results from Clean Harbors Inc. (NYSE: CLH) was released for Sep, 2022. According to the Waste Management Company, earnings per share came in at $2.43, beating analysts’ expectations of $2.11 by 0.32. This compares to $0.90 EPS in the same period last year. The net profit margin was 8.00% and return on equity was 23.30% for CLH. The company reported revenue of $1.28 billion for the quarter, compared to $1.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.17 percent. For the current quarter, analysts expect CLH to generate $1.25B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 02/02/2007.

Clean Harbors Inc.(CLH) Company Profile

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. This segment also provides industrial maintenance and specialty industrial services, and utilizes specialty equipment and resources that performs field services. The Safety-Kleen Sustainability Solutions segment offers specially designed parts washers; automotive and industrial cleaning products, such as antifreeze, windshield washer fluid, degreasers, glass and floor cleaners, hand cleaners, absorbents, mats, and spill kits; pickup and transportation services for hazardous and non-hazardous containerized waste for recycling or disposal; and vacuum services to remove solids, residual oily water and sludge, and other fluids from customers oil/water separators, sumps, and collection tanks, as well as remove and collect waste fluids found at metal fabricators, auto maintenance providers, and general manufacturers. This segment also manufactures, formulates, packages, distributes, and markets lubricants; and provides containerized waste, vacuum services, used motor oil collection, and contract blending and packaging services. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts.