Clean Harbors (NYSE:CLH) Price Target Raised to $365.00

Clean Harbors (NYSE:CLH) had its price objective upped by equities researchers at Robert W. Baird from $360.00 to $365.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective suggests a potential upside of 14.26% from the stock’s previous close.

A number of other research firms have also recently weighed in on CLH. TD Cowen increased their price target on Clean Harbors from $380.00 to $390.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. UBS Group raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $325.00 to $375.00 in a research report on Wednesday. Bank of America set a $377.00 price objective on shares of Clean Harbors and gave the company a “buy” rating in a report on Thursday, July 30th. Citigroup increased their target price on Clean Harbors from $376.00 to $378.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Finally, Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $363.07.

Clean Harbors Trading Up 1.0%

Clean Harbors stock opened at $319.44 on Thursday. The stock has a 50-day simple moving average of $317.07 and a 200 day simple moving average of $305.11. The stock has a market capitalization of $16.86 billion, a P/E ratio of 38.77, a PEG ratio of 1.84 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $335.94.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company earned $2.36 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts expect that Clean Harbors will post 9.94 earnings per share for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the transaction, the chief executive officer directly owned 56,793 shares in the company, valued at $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the sale, the director owned 8,979 shares of the company’s stock, valued at $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

A number of large investors have recently modified their holdings of the business. Reyes Financial Architecture Inc. acquired a new position in shares of Clean Harbors during the 3rd quarter worth $31,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Clean Harbors during the 2nd quarter worth $36,000. Elevation Wealth Partners LLC boosted its stake in Clean Harbors by 317.6% in the third quarter. Elevation Wealth Partners LLC now owns 142 shares of the business services provider’s stock valued at $44,000 after buying an additional 108 shares in the last quarter. Pension & Wealth Management Advisors Inc. acquired a new stake in Clean Harbors in the third quarter valued at about $53,000. Finally, Root Financial Partners LLC grew its position in Clean Harbors by 99.2% in the first quarter. Root Financial Partners LLC now owns 241 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 120 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.