Clean Harbors (NYSE:CLH) Rating Reiterated by Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Clean Harbors (NYSE:CLH) in a research report report published on Monday morning, Benzinga reports. The firm currently has a $220.00 price objective on the business services provider’s stock.

Several other research analysts have also commented on CLH. BMO Capital Markets boosted their price target on Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Robert W. Baird boosted their price target on Clean Harbors from $192.00 to $235.00 and gave the stock an outperform rating in a research report on Tuesday, April 16th. Truist Financial boosted their price target on Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. StockNews.com raised Clean Harbors from a buy rating to a strong-buy rating in a research report on Friday, March 29th. Finally, Oppenheimer boosted their price target on Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a research report on Thursday, February 22nd. One 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 currently has a consensus rating of Buy and an average target price of $207.90.

Clean Harbors Price Performance

Shares of CLH stock opened at $194.53 on Monday. Clean Harbors has a twelve month low of $129.70 and a twelve month high of $204.06. The stock has a market capitalization of $10.63 billion, a price-to-earnings ratio of 27.99 and a beta of 1.24. The stock has a fifty day simple moving average of $192.20 and a two-hundred day simple moving average of $175.70. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 EPS. On average, analysts predict that Clean Harbors will post 7.38 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, Director John T. Preston sold 1,913 shares of the firm’s 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 transaction, the director now directly owns 4,767 shares in the company, valued at $897,912.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director John T. Preston sold 1,913 shares of the firm’s 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 transaction, the director now directly owns 4,767 shares in the company, valued at $897,912.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction dated 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 completion of 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. Over the last ninety days, insiders sold 25,185 shares of company stock worth $4,819,554. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CLH. CWM LLC grew its holdings in Clean Harbors by 13.3% during the third quarter. CWM LLC now owns 843 shares of the business services provider’s stock worth $141,000 after acquiring an additional 99 shares during the period. SG Americas Securities LLC grew its holdings in Clean Harbors by 598.8% during the third quarter. SG Americas Securities LLC now owns 14,052 shares of the business services provider’s stock worth $2,352,000 after acquiring an additional 12,041 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its holdings in Clean Harbors by 61.7% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 6,960 shares of the business services provider’s stock worth $1,165,000 after acquiring an additional 2,657 shares during the period. Hennessy Advisors Inc. grew its holdings in Clean Harbors by 28.8% during the third quarter. Hennessy Advisors Inc. now owns 163,800 shares of the business services provider’s stock worth $27,414,000 after acquiring an additional 36,600 shares during the period. Finally, Trinity Street Asset Management LLP acquired a new stake in Clean Harbors during the third quarter worth about $15,792,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

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.