Clean Harbors (NYSE:CLH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Clean Harbors (NYSE:CLH) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Other equities analysts have also issued reports about the company. Truist Financial lifted their price objective on Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research report on Friday. Citigroup increased their price objective on shares of Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Stifel Nicolaus boosted their target price on shares of Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $354.57.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $310.93 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $335.94. The firm has a market cap of $16.41 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 2.06 and a beta of 0.86. The firm’s fifty day moving average is $296.12 and its 200-day moving average is $289.34.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $2.36 EPS. Sell-side analysts predict that Clean Harbors will post 9.51 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the transaction, the director owned 8,979 shares in the company, valued at approximately $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren States sold 789 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in Clean Harbors during the 2nd quarter valued at $11,655,000. Regent Peak Wealth Advisors LLC bought a new position in shares of Clean Harbors in the second quarter valued at $203,000. Fulton Bank N.A. lifted its stake in shares of Clean Harbors by 8.3% in the second quarter. Fulton Bank N.A. now owns 3,509 shares of the business services provider’s stock valued at $1,048,000 after buying an additional 270 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Clean Harbors during the second quarter valued at about $817,000. Finally, Gradient Investments LLC grew its holdings in shares of Clean Harbors by 5.0% during the second quarter. Gradient Investments LLC now owns 10,687 shares of the business services provider’s stock valued at $3,193,000 after buying an additional 513 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.