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

Clean Harbors (NYSE:CLH) had its price objective boosted by investment analysts at Robert W. Baird from $192.00 to $235.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 22.54% from the company’s previous close.

Several other equities analysts have also recently commented on CLH. Needham & Company LLC boosted their target price on shares of Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Oppenheimer boosted their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. Truist Financial boosted their target price on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Clean Harbors from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Monday. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $207.90.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $191.78 on Tuesday. Clean Harbors has a twelve month low of $129.70 and a twelve month high of $204.06. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02. The company has a 50-day simple moving average of $190.49 and a two-hundred day simple moving average of $174.42. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 27.59 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.44 EPS. Analysts forecast that Clean Harbors will post 7.35 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction 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 sale, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 transaction of $1,591,763.72. Following the completion of the sale, 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. Insiders have sold 25,185 shares of company stock valued at $4,819,554 in the last ninety days. 6.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CLH. Millburn Ridgefield Corp acquired a new position in shares of Clean Harbors during the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Clean Harbors during the 3rd quarter valued at $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Clean Harbors during the 4th quarter valued at $25,000. Rise Advisors LLC acquired a new position in shares of Clean Harbors during the 1st quarter valued at $27,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of Clean Harbors by 76.0% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 264 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Company Profile

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.