Clean Harbors (NYSE:CLH) Sets New 12-Month High After Analyst Upgrade

Clean Harbors, Inc. (NYSE:CLH) hit a new 52-week high on Friday after Truist Financial raised their price target on the stock from $210.00 to $240.00. Truist Financial currently has a buy rating on the stock. Clean Harbors traded as high as $210.26 and last traded at $208.86, with a volume of 64723 shares traded. The stock had previously closed at $205.55.

CLH has been the subject of a number of other reports. Raymond James boosted their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research note on Thursday. Oppenheimer boosted their price objective on 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 raised their target price on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $235.00 price objective on shares of Clean Harbors in a research note on Thursday. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $216.40.

Insider Buying and Selling

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated 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 directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Eric W. Gerstenberg sold 15,276 shares of Clean Harbors stock in a transaction on Friday, March 15th. The stock was sold at an average price of $187.71, for a total value of $2,867,457.96. Following the transaction, the chief executive officer now directly owns 67,374 shares in the company, valued at approximately $12,646,773.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction 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 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 a total of 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

Institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its stake in shares of Clean Harbors by 2.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock worth $503,000 after acquiring an additional 71 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Clean Harbors by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 456,888 shares of the business services provider’s stock valued at $76,465,000 after buying an additional 4,229 shares during the last quarter. Monument Capital Management increased its holdings in Clean Harbors by 13.2% in the third quarter. Monument Capital Management now owns 10,692 shares of the business services provider’s stock worth $1,789,000 after buying an additional 1,246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Clean Harbors by 8.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,020 shares of the business services provider’s stock valued at $2,179,000 after acquiring an additional 1,054 shares in the last quarter. Finally, Strs Ohio lifted its stake in Clean Harbors by 5.7% in the third quarter. Strs Ohio now owns 194,413 shares of the business services provider’s stock valued at $32,536,000 after acquiring an additional 10,527 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Up 0.9 %

The company has a market cap of $11.33 billion, a price-to-earnings ratio of 30.01 and a beta of 1.24. The company’s 50 day moving average price is $193.42 and its 200 day moving average price is $176.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.66 and a current ratio of 2.07.

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. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company posted $1.36 earnings per share. Clean Harbors’s revenue for the quarter was up 5.3% on a year-over-year basis. Research analysts anticipate that Clean Harbors, Inc. will post 7.4 EPS for the current year.

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.