Clean Harbors (NYSE:CLH) Upgraded at StockNews.com

StockNews.com upgraded shares of Clean Harbors (NYSE:CLH) from a buy rating to a strong-buy rating in a research note released on Friday morning.

A number of other equities research analysts have also issued reports on CLH. BMO Capital Markets increased their price target on Clean Harbors from $225.00 to $230.00 and gave the stock an outperform rating in a research note on Thursday, May 2nd. Stifel Nicolaus reissued a buy rating and issued a $275.00 price target (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Robert W. Baird lifted their price objective on shares of Clean Harbors from $242.00 to $268.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Raymond James raised their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the company a strong-buy rating in a research note on Thursday, May 2nd. Finally, Oppenheimer lifted their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the company an outperform rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Buy and an average price target of $242.40.

Clean Harbors Stock Up 1.6 %

CLH stock opened at $245.90 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors has a 1-year low of $132.92 and a 1-year high of $247.24. The stock has a market capitalization of $13.27 billion, a P/E ratio of 35.59 and a beta of 1.21. The business has a fifty day moving average price of $231.68 and a 200-day moving average price of $212.34.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 EPS. Equities analysts forecast that Clean Harbors will post 7.65 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the completion of the transaction, the insider now owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its position in Clean Harbors by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after acquiring an additional 182,622 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Clean Harbors by 5.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after purchasing an additional 78,848 shares during the period. Clearbridge Investments LLC increased its position in shares of Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after purchasing an additional 248,240 shares during the last quarter. Bessemer Group Inc. raised its holdings in Clean Harbors by 1.2% in the 1st quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock valued at $204,019,000 after buying an additional 12,411 shares during the period. Finally, Marshall Wace LLP lifted its position in Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after buying an additional 90,756 shares during the last quarter. Hedge funds and other 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.