Robert W. Baird Raises Clean Harbors (NYSE:CLH) Price Target to $235.00

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

CLH has been the subject of several other research reports. Truist Financial lifted their price target 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. BMO Capital Markets lifted their price target 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. Stifel Nicolaus raised their price objective on Clean Harbors from $210.00 to $220.00 and gave the company a buy rating in a research note on Monday. Needham & Company LLC raised their price objective on Clean Harbors from $200.00 to $235.00 and gave the company a buy rating in a research note on Tuesday, April 9th. Finally, StockNews.com upgraded Clean Harbors from a buy rating to a strong-buy rating in a research note on Friday, March 29th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Buy and an average price target of $207.90.

Clean Harbors Stock Down 0.4 %

Shares of Clean Harbors stock opened at $190.99 on Tuesday. The stock’s 50-day moving average is $190.75 and its 200 day moving average is $174.54. Clean Harbors has a one year low of $129.70 and a one 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 firm has a market cap of $10.44 billion, a price-to-earnings ratio of 27.48 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors will post 7.38 EPS for the current year.

Insider Buying and Selling

In related news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Clean Harbors news, CEO Eric W. Gerstenberg sold 15,276 shares of Clean Harbors stock in a transaction dated Friday, March 15th. The stock was 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 owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,185 shares of company stock valued at $4,819,554. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp purchased a new position in Clean Harbors during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new position in Clean Harbors during the 3rd quarter valued at about $25,000. Contravisory Investment Management Inc. purchased a new position in Clean Harbors during the 4th quarter valued at about $25,000. Rise Advisors LLC purchased a new position in Clean Harbors during the 1st quarter valued at about $27,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in 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 buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors 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.