Can Clean Harbors Inc. (CLH) Add Value To Your Portfolio?

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As of Wednesday close, Clean Harbors Inc.’s (NYSE:CLH) stock was up $1.9, moving up 1.57 percent to $122.62. The average number of shares traded per day over the past five days has been 325,580 shares. 5 times new highs have been achieved over the past 5 days, with a $6.92 gain in that time frame. In the last twenty days, the average volume was 469,255, while in the previous 50 days, it was 439,184.

Since last month, CLH stock rose 3.39%. Shares of the company fell to $110.06 on 11/07/22, the lowest level in the past month. A 52-week high of $124.49 was reached on 09/12/22 after having rallying from a 52-week low of $81.56. Since the beginning of this year, CLH’s stock price has risen by 22.90% or $22.85, and marked a new high 17 times. However, the stock has declined by -1.50% since its 52-week high.


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CLH stock investors should be aware that Clean Harbors Inc. (CLH) stock had its last reported insider trading activity 76 days ago on Sep 09. Weber Brian P, the EVP (CHESI) of the company, disposed of 2,003 shares for $122.42 on Sep 09. It resulted in a $245,207 divestment by the insider. Robertson Andrea sold 1,095 shares at an average price of $106.37 on Aug 05. The insider now owns 10,719 shares following the transaction. On May 12, EVP and CFO Battles Michael Louis bought 2,000 shares at $88.35 apiece. The transaction was valued at $176,700.

Valuation Metrics

Right now, Clean Harbors Inc. (CLH) has a P/E ratio of about 17.67. The stock’s beta is 1.40. Besides these, the trailing price-to-sales (P/S) ratio of 1.32, the price-to-book (PB) ratio of 3.61, and the price-to-cash flow ratio of 33.70 may also be considered.

Financial Health

In the three months ended June 29, Clean Harbors Inc.’s quick ratio stood at 1.70, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.36, and the total debt-to-equity ratio was 1.37. On the profitability front, the trailing twelve-month gross margin is 31.20% percent. In the year ended June 29, operating margins totaled 11.90%. Based on annual data, CLH earned $1.2 billion in gross profit and brought in $3.81 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.80%. Return on equity (ROE) for the past 12 months was 22.70%.

In Clean Harbors Inc.’s quarter-end financial report for June 29, it reported total debt of $2.51 billion against cash and short-term investments of $65.03 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CLH’s revenue rose 30.2% to $1.36 billion during the quarter, while net income inched up to $1.36 billion. While analysts expected Clean Harbors Inc. to report $1.48 quarterly earnings, the actual figure was $2.44 per share, beating the consensus estimate by 64.90%. During the quarter, the company generated $302.33 million in EBITDA. The liabilities of Clean Harbors Inc. were 4.24 billion at the end of its most recent quarter ended June 29, and its total debt was $2.77 billion. The value of shareholders’ equity is $54.07 million.

Technical Picture

This quick technical analysis looks at Clean Harbors Inc.’s (CLH) price momentum. With a historical volatility rate of 33.27%, the RSI 9-day stood at 66.29% on 23 November.

With respect to its five-day moving average, the current Clean Harbors Inc. price is up by +5.98% percent or $6.92. At present, CLH shares trade +3.92% above its 20-day simple moving average and +40.83% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.70% above its SMA50 and +31.36% above its SMA200.

Stochastic coefficient K was 86.21% and Stochastic coefficient D was 69.66%, while ATR was 3.52. Given the Stochastic reading of 98.74% for the 14-day period, the RSI (14) reading has been calculated as 60.74%. As of today, the MACD Oscillator reading stands at 3.90, while the 14-day reading stands at 4.90.

Analyst Ratings

Clean Harbors Inc. downgraded its rating on Clean Harbors Inc. (NYSE: CLH) to a Neutral in a note to investors on November 03, 2022. The analysts firm previously had a Buy rating on the stock.

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