Clean Harbors (NYSE:CLH) Lifted to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Clean Harbors (NYSE:CLHFree Report) from a buy rating to a strong-buy rating in a research report released on Friday.

A number of other analysts have also recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a research note on Thursday. Oppenheimer lifted their price objective on Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a research note on Thursday, February 22nd. Wells Fargo & Company assumed coverage on Clean Harbors in a research report on Friday, December 8th. They set an overweight rating and a $190.00 price target on the stock. Truist Financial lifted their price target on Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus reiterated a buy rating and set a $206.00 price objective on shares of Clean Harbors in a research report on Monday, March 25th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of $196.00.

View Our Latest Analysis on Clean Harbors

Clean Harbors Trading Up 0.4 %

Shares of CLH stock opened at $201.31 on Friday. Clean Harbors has a 12-month low of $129.70 and a 12-month high of $202.58. The stock’s 50-day moving average price is $183.78 and its 200-day moving average price is $171.76. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 28.97 and a beta of 1.23. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLHGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. Clean Harbors’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS. Equities research analysts predict that Clean Harbors will post 7.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors 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 transaction, the executive vice president now directly 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 is accessible through this link. In related news, 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 completion of the sale, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of Clean Harbors 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 transaction, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,185 shares of company stock worth $4,819,554. Company insiders own 6.70% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Large investors have recently made changes to their positions in the company. Raymond James & Associates increased its stake in shares of Clean Harbors by 146.7% in the 1st quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock valued at $4,133,000 after purchasing an additional 22,012 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Clean Harbors in the first quarter valued at $1,672,000. HighTower Advisors LLC increased its holdings in shares of Clean Harbors by 68.7% in the first quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock worth $793,000 after buying an additional 2,883 shares during the period. Acadian Asset Management LLC increased its holdings in 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 purchasing an additional 2,435 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of Clean Harbors by 33.5% in the 1st quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock worth $3,616,000 after purchasing an additional 8,127 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

About Clean Harbors

(Get Free Report)

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.

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Analyst Recommendations for Clean Harbors (NYSE:CLH)

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