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

Clean Harbors (NYSE:CLH) had its price objective boosted by investment analysts at Robert W. Baird from $192.00 to $235.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target would indicate a potential upside of 22.54% from the stock’s previous close.

Several other equities analysts have also recently commented on CLH. BMO Capital Markets boosted their price target on shares of Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Needham & Company LLC boosted their price target 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. Truist Financial boosted their price target on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Finally, Stifel Nicolaus boosted their price target on shares of Clean Harbors from $210.00 to $220.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $207.90.

Clean Harbors Stock Performance

Shares of CLH opened at $191.78 on Tuesday. Clean Harbors has a one year low of $129.70 and a one year high of $204.06. The company has a 50-day moving average of $190.49 and a two-hundred day moving average of $174.42. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 27.59 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the company posted $1.44 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that Clean Harbors will post 7.35 earnings per share for the current year.

Insider Buying and Selling

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction 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. Over the last three months, insiders sold 25,185 shares of company stock worth $4,819,554. Corporate insiders own 6.60% of the company’s stock.

Institutional Trading of Clean Harbors

Several large investors have recently added to or reduced their stakes in CLH. Millburn Ridgefield Corp bought a new stake in Clean Harbors during the third quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new stake in Clean Harbors during the third quarter worth about $25,000. Contravisory Investment Management Inc. bought a new stake in Clean Harbors during the fourth quarter worth about $25,000. Rise Advisors LLC bought a new stake in shares of Clean Harbors during the first quarter valued at approximately $27,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Clean Harbors by 76.0% during the fourth 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 purchasing an additional 114 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

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.