Clean Harbors (NYSE:CLH) Given New $240.00 Price Target at Robert W. Baird

Clean Harbors (NYSE:CLH) had its price target increased by equities research analysts at Robert W. Baird from $235.00 to $240.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 15.75% from the stock’s current price.

CLH has been the subject of a number of other research reports. Stifel Nicolaus reiterated a “buy” rating and set a $220.00 target price on shares of Clean Harbors in a report on Monday, April 22nd. Oppenheimer increased their price objective on Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Needham & Company LLC restated a “buy” rating and issued a $235.00 target price on shares of Clean Harbors in a research note on Thursday. BMO Capital Markets upped their price target on Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Finally, StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. One research 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, the company presently has an average rating of “Buy” and an average target price of $216.40.

Clean Harbors Stock Up 0.9 %

Shares of CLH traded up $1.80 on Thursday, hitting $207.35. The company’s stock had a trading volume of 330,570 shares, compared to its average volume of 310,847. The firm’s fifty day moving average price is $193.88 and its 200-day moving average price is $177.20. Clean Harbors has a fifty-two week low of $132.92 and a fifty-two week high of $210.26. The company has a quick ratio of 1.66, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 30.01 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company earned $1.36 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts expect that Clean Harbors will post 7.4 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other 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 directly 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 can be accessed through the SEC website. In other news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was 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 directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John T. Preston sold 1,913 shares of the business’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 transaction, the director now directly owns 4,767 shares in the company, valued at $897,912.12. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock worth $4,819,554 over the last quarter. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Several large investors have recently modified their holdings of the stock. Millburn Ridgefield Corp acquired a new position in Clean Harbors in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Clean Harbors during the third quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Clean Harbors in the fourth quarter valued at approximately $25,000. Rise Advisors LLC bought a new position in shares of Clean Harbors during the first quarter worth approximately $27,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Clean Harbors during the third quarter worth approximately $33,000. 90.43% of the stock is owned by institutional investors.

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.