Clean Harbors (NYSE:CLH) Price Target Raised to $235.00

Clean Harbors (NYSE:CLH) had its price target raised by Raymond James from $225.00 to $235.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “strong-buy” rating on the business services provider’s stock. Raymond James’ price objective points to a potential upside of 13.33% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. Oppenheimer lifted their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. BMO Capital Markets increased their target price on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $235.00 price target on shares of Clean Harbors in a report on Thursday. Finally, Truist Financial increased their price objective on Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $216.40.

Clean Harbors Stock Up 0.9 %

Shares of NYSE:CLH traded up $1.80 during trading 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. Clean Harbors has a fifty-two week low of $132.92 and a fifty-two week high of $210.26. The business has a 50 day moving average price of $193.88 and a two-hundred day moving average price of $177.20. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.66 and a current ratio of 2.07. The company has a market capitalization of $11.18 billion, a PE ratio of 30.01 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. Clean Harbors’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 EPS. As a group, research analysts expect that Clean Harbors will post 7.4 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brian P. Weber sold 7,996 shares of the 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Brian P. Weber sold 7,996 shares of the company’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 in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the transaction, the chief executive officer now directly owns 67,374 shares in the company, valued at $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. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Several institutional investors have recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV grew its stake in shares of Clean Harbors by 4.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 50 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Clean Harbors by 47.9% during the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC grew its position 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 valued at $1,845,000 after buying an additional 58 shares during the last quarter. Steph & Co. grew its position in Clean Harbors by 4.7% in the 3rd quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock valued at $245,000 after buying an additional 66 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake 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 valued at $503,000 after buying an additional 71 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.