Clean Harbors (NYSE:CLH) Price Target Increased to $235.00 by Analysts at Robert W. Baird

Clean Harbors (NYSE:CLH) had its price target hoisted by Robert W. Baird from $192.00 to $235.00 in a report released on Tuesday, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

Several other research firms have also recently issued reports on CLH. BMO Capital Markets increased their target price on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a research note on Thursday, March 28th. Needham & Company LLC raised their price objective 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. Truist Financial raised their price objective 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. Stifel Nicolaus raised their price objective on shares of Clean Harbors from $210.00 to $220.00 and gave the company a buy rating in a research report on Monday. Finally, StockNews.com upgraded shares of Clean Harbors from a buy rating to a strong-buy rating in a research report on Friday, March 29th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors has a consensus rating of Buy and an average price target of $207.90.

Clean Harbors Stock Performance

NYSE CLH opened at $194.06 on Tuesday. Clean Harbors has a 1 year low of $129.70 and a 1 year high of $204.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. The stock has a market capitalization of $10.60 billion, a PE ratio of 27.92 and a beta of 1.24. The company’s 50 day simple moving average is $190.19 and its two-hundred day simple moving average is $174.30.

Clean Harbors (NYSE:CLH) last posted its earnings results 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 net margin of 6.99% and a return on equity of 17.83%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company posted $1.44 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts predict that Clean Harbors will post 7.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 15,276 shares of Clean Harbors stock in a transaction on Friday, March 15th. The shares were 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 owns 67,374 shares in the company, valued at approximately $12,646,773.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Clean Harbors news, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the sale, the chief executive officer now owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 62,803 shares in the company, valued at approximately $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 worth $4,819,554 in the last 90 days. 6.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

A number of large investors have recently added to or reduced their stakes in CLH. Millburn Ridgefield Corp bought a new stake in shares of Clean Harbors during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Clean Harbors during the 3rd quarter valued at about $25,000. Contravisory Investment Management Inc. bought a new stake in shares of Clean Harbors during the 4th quarter valued at about $25,000. Rise Advisors LLC bought a new stake in shares of Clean Harbors during the 1st quarter valued at about $27,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake 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 purchasing an additional 114 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

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.