Robert W. Baird Boosts Clean Harbors (NYSE:CLH) Price Target to $235.00

Clean Harbors (NYSE:CLH) had its price target upped by Robert W. Baird from $192.00 to $235.00 in a research note issued to investors on Tuesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

A number of other research firms have also issued reports on CLH. StockNews.com raised shares of Clean Harbors from a buy rating to a strong-buy rating in a research report on Friday, March 29th. Stifel Nicolaus raised their price target on shares of Clean Harbors from $210.00 to $220.00 and gave the stock a buy rating in a research report on Monday, April 15th. BMO Capital Markets raised their price target on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Truist Financial raised their price target on shares of Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. Finally, Needham & Company LLC raised their price target on shares of Clean Harbors from $200.00 to $235.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $207.90.

Clean Harbors Stock Up 1.4 %

CLH stock opened at $193.54 on Tuesday. The firm has a 50 day moving average of $191.02 and a 200 day moving average of $174.74. The stock has a market capitalization of $10.58 billion, a PE ratio of 27.85 and a beta of 1.24. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02. Clean Harbors has a 52 week low of $129.70 and a 52 week high of $204.06.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $1.34 billion during 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%. Clean Harbors’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.44 EPS. Sell-side analysts forecast that Clean Harbors will post 7.38 earnings per share for the current year.

Insider Activity

In related news, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $12,502,193.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock valued at $4,819,554 in the last three months. 6.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLH. Raymond James & Associates boosted its stake in Clean Harbors by 146.7% during the 1st quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock worth $4,133,000 after purchasing an additional 22,012 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Clean Harbors during the 1st quarter worth $1,672,000. HighTower Advisors LLC boosted its position in shares of Clean Harbors by 68.7% during the 1st quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock valued at $793,000 after acquiring an additional 2,883 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Clean Harbors by 122.5% during the 1st quarter. Acadian Asset Management LLC now owns 4,423 shares of the business services provider’s stock valued at $492,000 after acquiring an additional 2,435 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Clean Harbors by 33.5% during the 1st quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock valued at $3,616,000 after acquiring an additional 8,127 shares during the last quarter. 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.