Robert W. Baird Raises Clean Harbors (NYSE:CLH) Price Target to $240.00

Clean Harbors (NYSE:CLH) had its price objective increased by Robert W. Baird from $235.00 to $240.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

CLH has been the subject of several other reports. StockNews.com upgraded Clean Harbors from a buy rating to a strong-buy rating in a research note on Friday, March 29th. Truist Financial increased their price objective on Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. Oppenheimer increased their price objective on Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a research note on Thursday, February 22nd. Stifel Nicolaus reiterated a buy rating and set a $220.00 price objective on shares of Clean Harbors in a research note on Monday, April 22nd. Finally, BMO Capital Markets increased their price objective on Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of Buy and an average target price of $216.40.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $207.35 on Thursday. The business has a fifty day simple moving average of $193.88 and a 200 day simple moving average of $177.29. The company has a current ratio of 2.07, a quick ratio of 1.66 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 30.01 and a beta of 1.24. Clean Harbors has a one year low of $132.92 and a one year high of $210.26.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. Clean Harbors’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share. Sell-side analysts expect that Clean Harbors will post 7.46 EPS for the current year.

Insider Buying and Selling

In related news, 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 in the company, valued at $897,912.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 owns 4,767 shares of the company’s stock, valued at $897,912.12. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock worth $4,819,554 over the last three months. 5.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Clean Harbors

Institutional investors have recently modified their holdings of the stock. Millburn Ridgefield Corp acquired a new position in shares of Clean Harbors during the 3rd quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Clean Harbors during the 3rd quarter worth about $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Clean Harbors during the 4th quarter worth about $25,000. Rise Advisors LLC acquired a new position in shares of Clean Harbors during the 1st quarter worth about $27,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Clean Harbors during the 3rd quarter worth about $33,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.