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

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

Several other equities analysts have also recently issued reports on CLH. Oppenheimer raised their price target on Clean Harbors from $178.00 to $200.00 and gave the company an outperform rating in a report on Thursday, February 22nd. Truist Financial raised their price target on Clean Harbors from $200.00 to $210.00 and gave the company a buy rating in a report on Thursday, February 22nd. Needham & Company LLC raised their price target on Clean Harbors from $200.00 to $235.00 and gave the company a buy rating in a report on Tuesday, April 9th. StockNews.com upgraded Clean Harbors from a buy rating to a strong-buy rating in a report on Friday, March 29th. Finally, BMO Capital Markets increased their target price 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 research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $207.90.

Clean Harbors Stock Down 0.4 %

Shares of CLH opened at $190.99 on Tuesday. The business’s fifty day moving average price is $190.75 and its two-hundred day moving average price is $174.54. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 27.48 and a beta of 1.24. Clean Harbors has a 52 week low of $129.70 and a 52 week high of $204.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The business had revenue of $1.34 billion for 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 firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 earnings per share. On average, analysts predict that Clean Harbors will post 7.38 earnings per share for the current year.

Insider Transactions 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 transaction of $360,332.68. Following the sale, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction that occurred on 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 sale, the executive vice president now owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction that occurred on Thursday, March 14th. The shares were 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 directly owns 4,767 shares in the company, valued at approximately $897,912.12. The disclosure for this sale can be found here. Insiders have sold a total of 25,185 shares of company stock valued at $4,819,554 over the last 90 days. 6.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

A number of hedge funds and other institutional investors have recently bought and sold shares of CLH. Raymond James & Associates grew its stake in Clean Harbors by 146.7% in the first quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock valued at $4,133,000 after purchasing an additional 22,012 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Clean Harbors in the first quarter valued at approximately $1,672,000. HighTower Advisors LLC grew its stake in Clean Harbors by 68.7% in the first quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock valued at $793,000 after purchasing an additional 2,883 shares in the last quarter. Acadian Asset Management LLC grew its stake in Clean Harbors by 122.5% in the first quarter. Acadian Asset Management LLC now owns 4,423 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 2,435 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Clean Harbors by 33.5% in the first quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock valued at $3,616,000 after purchasing an additional 8,127 shares in the last quarter. Institutional investors and hedge funds 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.