Clean Harbors (NYSE:CLH) Receives Buy Rating from Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Clean Harbors (NYSE:CLH) in a report issued on Monday, Benzinga reports. The firm currently has a $220.00 price objective on the business services provider’s stock.

Several other research firms have also recently weighed in on CLH. Oppenheimer boosted their price objective on Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a research report on Thursday, February 22nd. Needham & Company LLC boosted their price objective on Clean Harbors from $200.00 to $235.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. StockNews.com raised Clean Harbors from a buy rating to a strong-buy rating in a research report on Friday, March 29th. Robert W. Baird boosted their price objective on Clean Harbors from $192.00 to $235.00 and gave the stock an outperform rating in a research report on Tuesday, April 16th. Finally, BMO Capital Markets boosted their price objective on Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Buy and a consensus target price of $207.90.

Clean Harbors Trading Up 0.9 %

Shares of Clean Harbors stock opened at $195.50 on Monday. The stock has a fifty day simple moving average of $191.33 and a 200 day simple moving average of $175.15. Clean Harbors has a 12-month low of $129.70 and a 12-month high of $204.06. The company has a market capitalization of $10.68 billion, a P/E ratio of 28.13 and a beta of 1.24. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. Clean Harbors’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Clean Harbors will post 7.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John T. Preston sold 1,913 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction dated 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 sale, 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 is accessible through the SEC website. Also, Director John T. Preston sold 1,913 shares of the 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 sale, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,185 shares of company stock valued at $4,819,554. Corporate insiders own 6.60% of the company’s stock.

Institutional Trading of Clean Harbors

A number of institutional investors have recently added to or reduced their stakes in CLH. Wellington Management Group LLP increased its stake in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after acquiring an additional 182,622 shares during the last quarter. FMR LLC increased its stake in Clean Harbors by 5.6% in the 3rd quarter. FMR LLC now owns 1,419,048 shares of the business services provider’s stock worth $237,492,000 after acquiring an additional 75,038 shares during the last quarter. Clearbridge Investments LLC increased its stake in Clean Harbors by 5.4% in the 4th quarter. Clearbridge Investments LLC now owns 740,597 shares of the business services provider’s stock worth $129,242,000 after acquiring an additional 38,171 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Clean Harbors by 12.5% in the 4th quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock worth $106,803,000 after acquiring an additional 67,809 shares during the last quarter. Finally, Norges Bank bought a new position in Clean Harbors in the 4th quarter worth about $87,074,000. Hedge funds and other 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.