Clean Harbors (NYSE:CLH) PT Raised to $240.00

Clean Harbors (NYSE:CLH) had its price target lifted by Robert W. Baird from $235.00 to $240.00 in a report released on Thursday, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. StockNews.com raised Clean Harbors from a buy rating to a strong-buy rating in a research note on Friday, March 29th. Truist Financial raised their target price on Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. Needham & Company LLC reaffirmed a buy rating and set a $235.00 target price on shares of Clean Harbors in a research note on Thursday. Stifel Nicolaus reaffirmed a buy rating and set a $220.00 target price on shares of Clean Harbors in a research note on Monday, April 22nd. Finally, BMO Capital Markets raised their target price on Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Clean Harbors currently has a consensus rating of Buy and an average target price of $216.40.

Clean Harbors Price Performance

Shares of CLH opened at $207.35 on Thursday. Clean Harbors has a 1 year low of $132.92 and a 1 year high of $210.26. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.66. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 30.01 and a beta of 1.24. The business has a 50-day moving average of $193.88 and a 200-day moving average of $177.29.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $1.36 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Clean Harbors will post 7.46 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,185 shares of company stock valued at $4,819,554. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CLH. Norges Bank purchased a new position in shares of Clean Harbors during the fourth quarter valued at approximately $87,074,000. Deutsche Bank AG boosted its position in shares of Clean Harbors by 3,711.0% during the third quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock valued at $46,406,000 after buying an additional 270,009 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Clean Harbors by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after buying an additional 182,622 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Clean Harbors by 61.6% during the third quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock worth $65,983,000 after acquiring an additional 150,251 shares during the period. Finally, DAVENPORT & Co LLC bought a new stake in Clean Harbors during the fourth quarter worth $23,999,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

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.