Clean Harbors (NYSE:CLH) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Clean Harbors (NYSE:CLH) in a report issued on Friday morning. The firm issued a buy rating and a $337.00 price objective on the business services provider’s stock.

Several other research firms also recently commented on CLH. Wall Street Zen downgraded shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. The Goldman Sachs Group boosted their price target on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. BMO Capital Markets boosted their price target on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Truist Financial boosted their price target on shares of Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, UBS Group boosted their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $323.23.

Clean Harbors Stock Performance

NYSE:CLH opened at $281.35 on Friday. The company has a fifty day simple moving average of $295.28 and a two-hundred day simple moving average of $267.99. The company has a market cap of $14.87 billion, a price-to-earnings ratio of 38.12 and a beta of 0.92. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $316.98.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 earnings per share. As a group, equities analysts anticipate that Clean Harbors will post 8.5 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lauren States sold 789 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the completion of the sale, the chief executive officer directly owned 38,877 shares of the company’s stock, valued at approximately $11,390,961. This trade represents a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 7,308 shares of company stock worth $2,133,467. 5.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Verus Capital Partners LLC purchased a new stake in Clean Harbors in the first quarter valued at $254,000. Edgestream Partners L.P. purchased a new stake in Clean Harbors in the first quarter valued at $249,000. EverSource Wealth Advisors LLC lifted its position in Clean Harbors by 0.6% in the first quarter. EverSource Wealth Advisors LLC now owns 9,948 shares of the business services provider’s stock valued at $2,852,000 after acquiring an additional 61 shares during the last quarter. California State Teachers Retirement System lifted its position in Clean Harbors by 22.5% in the first quarter. California State Teachers Retirement System now owns 59,158 shares of the business services provider’s stock valued at $16,962,000 after acquiring an additional 10,858 shares during the last quarter. Finally, Rithm Capital Corp. lifted its position in Clean Harbors by 8.1% in the first quarter. Rithm Capital Corp. now owns 4,000 shares of the business services provider’s stock valued at $1,147,000 after acquiring an additional 300 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Clean Harbors

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Stifel Nicolaus initiated coverage of Clean Harbors with a Buy rating and a $337 price target, suggesting further upside potential for CLH.
• Positive Sentiment: Zacks Research raised its earnings forecasts for several upcoming quarters and full-year periods, including FY2026 and FY2027, reinforcing a more favorable outlook for earnings power.
• Positive Sentiment: The company’s prior quarterly results beat EPS expectations, which continues to support investor confidence in Clean Harbors’ operating performance.
• Neutral Sentiment: One Zacks estimate for Q1 2028 was slightly lowered, though the change was minimal and does not materially offset the broader round of estimate increases.
• Negative Sentiment: Director Lauren States sold 789 shares in a recent insider transaction, which may create a modest headwind for sentiment, although the sale was relatively small.

Clean Harbors Company Profile

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.