Robert W. Baird Boosts Clean Harbors (NYSE:CLH) Price Target to $255.00

Clean Harbors (NYSE:CLH) had its price target hoisted by stock analysts at Robert W. Baird from $250.00 to $255.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 14.67% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Oppenheimer dropped their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Truist Financial lowered their target price on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. StockNews.com downgraded shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Friday, April 18th. BMO Capital Markets lowered their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Clean Harbors has a consensus rating of “Moderate Buy” and a consensus price target of $257.67.

Clean Harbors Trading Up 2.3 %

Shares of CLH opened at $222.37 on Thursday. The company’s fifty day simple moving average is $201.32 and its 200-day simple moving average is $227.49. The company has a market cap of $12.05 billion, a P/E ratio of 29.97 and a beta of 1.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors has a twelve month low of $178.29 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company posted $1.29 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, analysts expect that Clean Harbors will post 7.89 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Institutional Trading of Clean Harbors

A number of institutional investors have recently made changes to their positions in CLH. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors in the fourth quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ grew its position in Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP increased its stake in Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after buying an additional 205 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Clean Harbors by 25.8% during the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock worth $54,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds 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.