Clean Harbors’ (CLH) “Buy” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Clean Harbors (NYSE:CLH) in a report released on Monday morning, Benzinga reports. Stifel Nicolaus currently has a $206.00 target price on the business services provider’s stock.

Other analysts have also issued research reports about the stock. BMO Capital Markets lifted their price objective on shares of Clean Harbors from $192.00 to $200.00 and gave the stock an outperform rating in a research report on Thursday, February 22nd. Oppenheimer lifted their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a research report on Thursday, February 22nd. Truist Financial lifted their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. Wells Fargo & Company began coverage on shares of Clean Harbors in a research report on Friday, December 8th. They issued an overweight rating and a $190.00 price objective on the stock. Finally, Needham & Company LLC boosted their price target on shares of Clean Harbors from $182.00 to $200.00 and gave the company a buy rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $193.50.

Clean Harbors Stock Up 1.0 %

Shares of NYSE CLH opened at $200.57 on Monday. The stock has a market capitalization of $10.82 billion, a P/E ratio of 28.86 and a beta of 1.23. The company has a 50-day moving average price of $182.44 and a 200-day moving average price of $171.23. Clean Harbors has a 1 year low of $129.70 and a 1 year high of $201.01. 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 released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm earned $1.44 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Clean Harbors will post 7.36 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the transaction, the chief executive officer now owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction that occurred 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 $897,912.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the transaction, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The disclosure for this sale can be found here. 6.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. purchased a new position in Clean Harbors in the 4th quarter worth approximately $25,000. Millburn Ridgefield Corp purchased a new position in Clean Harbors in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in Clean Harbors in the 3rd quarter worth approximately $25,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $33,000. Finally, National Bank of Canada FI bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

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.