Stifel Nicolaus Reiterates “Buy” Rating for Clean Harbors (NYSE:CLH)

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

Other equities analysts have also recently issued reports about the company. Needham & Company LLC raised their price objective on Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. BMO Capital Markets upped their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Truist Financial increased their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird boosted their target price on Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $207.90.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $200.98 on Monday. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 28.92 and a beta of 1.24. 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 has a fifty-two week low of $129.70 and a fifty-two week high of $204.06. The firm’s 50-day simple moving average is $191.76 and its 200 day simple moving average is $175.43.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data 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. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 earnings per share. As a group, research analysts anticipate that Clean Harbors will post 7.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction that occurred 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 owns 62,803 shares in the company, valued at approximately $12,502,193.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Preston sold 1,913 shares of Clean Harbors 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 sale, 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. Insiders have sold a total of 25,185 shares of company stock worth $4,819,554 over the last three months. 6.60% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

Several hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Clean Harbors in the 4th quarter valued at approximately $2,710,000. Vontobel Holding Ltd. raised its stake in shares of Clean Harbors by 12.5% during the 4th quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock valued at $106,803,000 after purchasing an additional 67,809 shares during the period. Strs Ohio raised its stake in shares of Clean Harbors by 5.7% during the 3rd quarter. Strs Ohio now owns 194,413 shares of the business services provider’s stock valued at $32,536,000 after purchasing an additional 10,527 shares during the period. MJP Associates Inc. ADV lifted its holdings in Clean Harbors by 27.4% during the 4th quarter. MJP Associates Inc. ADV now owns 4,096 shares of the business services provider’s stock worth $715,000 after purchasing an additional 881 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Clean Harbors by 3,711.0% in the 3rd quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock worth $46,406,000 after purchasing an additional 270,009 shares during the period. 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.