Raymond James Boosts Clean Harbors (NYSE:CLH) Price Target to $235.00

Clean Harbors (NYSE:CLH) had its price objective hoisted by Raymond James from $225.00 to $235.00 in a research report released on Thursday morning, Benzinga reports. Raymond James currently has a strong-buy rating on the business services provider’s stock.

Several other research firms also recently weighed in on CLH. BMO Capital Markets upped their price objective on shares of Clean Harbors from $225.00 to $230.00 and gave the stock an outperform rating in a report on Thursday. Needham & Company LLC restated a buy rating and set a $235.00 price target on shares of Clean Harbors in a research report on Thursday. Oppenheimer increased their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the company an outperform rating in a report on Thursday, February 22nd. StockNews.com raised Clean Harbors from a buy rating to a strong-buy rating in a report on Friday, March 29th. Finally, Robert W. Baird upped their target price on Clean Harbors from $235.00 to $240.00 and gave the stock an outperform rating in a research report on Thursday. One 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. According to MarketBeat, Clean Harbors has a consensus rating of Buy and an average target price of $216.40.

Clean Harbors Stock Performance

NYSE CLH traded up $1.80 on Thursday, hitting $207.35. The stock had a trading volume of 330,570 shares, compared to its average volume of 310,847. The company’s 50-day moving average is $193.88 and its two-hundred day moving average is $177.20. Clean Harbors has a one year low of $132.92 and a one year high of $210.26. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 30.01 and a beta of 1.24. The company has a quick ratio of 1.66, a current ratio of 2.07 and a debt-to-equity ratio of 1.20.

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. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. On average, analysts expect that Clean Harbors will post 7.4 earnings per share for the current year.

Insider Transactions at Clean Harbors

In related news, Director John T. Preston sold 1,913 shares of the stock in a transaction 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 transaction, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John T. Preston sold 1,913 shares of the company’s 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 completion of the sale, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The disclosure for this sale can be found here. Insiders have sold 25,185 shares of company stock valued at $4,819,554 over the last three months. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Nations Financial Group Inc. IA ADV increased its holdings 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 period. GAMMA Investing LLC increased its stake in Clean Harbors by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after buying an additional 56 shares during the period. EverSource Wealth Advisors LLC lifted 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 worth $1,845,000 after buying an additional 58 shares in the last quarter. Steph & Co. boosted its stake in shares of Clean Harbors by 4.7% during 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 period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of Clean Harbors by 2.4% during 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. 90.43% of the stock is owned by institutional investors and hedge funds.

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.