Clean Harbors (NYSE:CLH) Price Target Raised to $220.00 at Stifel Nicolaus

Clean Harbors (NYSE:CLH) had its price objective lifted by Stifel Nicolaus from $210.00 to $220.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

CLH has been the topic of several other research reports. Needham & Company LLC upped their price objective on shares of Clean Harbors from $200.00 to $235.00 and gave the company a buy rating in a report on Tuesday, April 9th. StockNews.com upgraded shares of Clean Harbors from a buy rating to a strong-buy rating in a report on Friday, March 29th. BMO Capital Markets upped their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the company an outperform rating in a report on Thursday, March 28th. Oppenheimer upped their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the company an outperform rating in a report on Thursday, February 22nd. Finally, Truist Financial upped their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the company a buy rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Clean Harbors currently has a consensus rating of Buy and an average target price of $200.90.

Clean Harbors Stock Performance

Shares of CLH opened at $194.55 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $10.63 billion, a P/E ratio of 27.99 and a beta of 1.24. The firm’s fifty day simple moving average is $189.84 and its two-hundred day simple moving average is $174.11. Clean Harbors has a 12 month low of $129.70 and a 12 month high of $204.06.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. As a group, analysts predict that Clean Harbors will post 7.35 EPS for the current year.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the sale, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The disclosure for this sale can be found here. Insiders have sold 25,185 shares of company stock worth $4,819,554 in the last quarter. Insiders own 6.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its position in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 56 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Clean Harbors by 0.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,573 shares of the business services provider’s stock worth $1,845,000 after buying an additional 58 shares during the period. Steph & Co. boosted its holdings in Clean Harbors by 4.7% in the 3rd quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock worth $245,000 after buying an additional 66 shares during the period. Redhawk Wealth Advisors Inc. boosted its holdings in Clean Harbors by 0.7% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 10,764 shares of the business services provider’s stock worth $1,801,000 after buying an additional 70 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Clean Harbors by 2.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock worth $503,000 after buying an additional 71 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Company Profile

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.