Clean Harbors (NYSE:CLH) Price Target Raised to $220.00 at Stifel Nicolaus

Clean Harbors (NYSE:CLH) had its price objective raised by Stifel Nicolaus from $210.00 to $220.00 in a research note issued to investors on Monday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other research firms also recently issued reports on CLH. StockNews.com raised Clean Harbors from a buy rating to a strong-buy rating in a report on Friday, March 29th. BMO Capital Markets upped their target price on shares of Clean Harbors from $200.00 to $225.00 and gave the company an outperform rating in a research report on Thursday, March 28th. Truist Financial upped 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. Needham & Company LLC upped 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. Finally, Oppenheimer upped 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. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors has an average rating of Buy and a consensus price target of $200.90.

Clean Harbors Stock Down 1.1 %

Shares of CLH opened at $194.55 on Monday. The company has a market capitalization of $10.63 billion, a P/E ratio of 27.99 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. Clean Harbors has a one year low of $129.70 and a one year high of $204.06. The business’s 50 day simple moving average is $189.84 and its 200-day simple moving average is $174.11.

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

Insider Transactions at Clean Harbors

In other news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction dated 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 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 document filed with the SEC, which is available at this link. In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the transaction, the chief executive officer now directly owns 67,374 shares in the company, valued at approximately $12,646,773.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock worth $4,819,554 in the last three months. Insiders own 6.70% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds have recently bought and sold shares of the company. Steph & Co. lifted its stake in Clean Harbors by 25.6% in the 1st quarter. Steph & Co. now owns 1,836 shares of the business services provider’s stock valued at $370,000 after purchasing an additional 374 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID acquired a new stake in Clean Harbors in the 1st quarter valued at about $14,161,000. MJP Associates Inc. ADV lifted its stake in Clean Harbors by 14.3% in the 1st quarter. MJP Associates Inc. ADV now owns 4,683 shares of the business services provider’s stock valued at $943,000 after purchasing an additional 587 shares during the last quarter. Fulton Bank N.A. lifted its stake in Clean Harbors by 19.9% in the 1st quarter. Fulton Bank N.A. now owns 3,423 shares of the business services provider’s stock valued at $689,000 after purchasing an additional 569 shares during the last quarter. Finally, Perpetual Ltd lifted its stake in Clean Harbors by 9.6% in the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after purchasing an additional 4,606 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.