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

Clean Harbors (NYSE:CLH)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a report issued on Monday, Benzinga reports. They presently have a $220.00 price objective on the business services provider’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 9.46% from the company’s previous close.

A number of other equities research analysts also recently issued reports on CLH. Needham & Company LLC boosted their target price on shares of Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. Robert W. Baird boosted their price target on Clean Harbors from $192.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Truist Financial upped their price target on Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, BMO Capital Markets lifted their price objective on Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and a consensus target price of $207.90.

Clean Harbors Trading Up 2.8 %

Shares of Clean Harbors stock opened at $200.98 on Monday. The firm has a market cap of $10.98 billion, a PE ratio of 28.92 and a beta of 1.24. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02. Clean Harbors has a fifty-two week low of $129.70 and a fifty-two week high of $204.06. The business’s fifty day moving average is $191.76 and its two-hundred day moving average is $175.43.

Clean Harbors (NYSE:CLH) last released 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. 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 period in the prior year, the business posted $1.44 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts anticipate that Clean Harbors will post 7.38 earnings per share for the current year.

Insider Transactions at Clean Harbors

In related news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction that occurred on 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 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 accessible through this link. Also, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,185 shares of company stock valued at $4,819,554. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp acquired a new stake in shares of Clean Harbors in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in Clean Harbors during the third quarter valued at approximately $25,000. Contravisory Investment Management Inc. bought a new position in Clean Harbors during the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in shares of Clean Harbors in the 1st quarter worth approximately $27,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in shares of Clean Harbors in the 3rd quarter valued at approximately $33,000. 90.43% of the stock is currently owned by 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.