Clean Harbors (NYSE:CLH) Now Covered by Stifel Nicolaus

Investment analysts at Stifel Nicolaus initiated coverage on shares of Clean Harbors (NYSE:CLH) in a research report issued on Friday. The firm set a “buy” rating and a $337.00 price target on the business services provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 20.00% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $320.00 target price on shares of Clean Harbors in a report on Monday, February 23rd. TD Cowen raised their price objective on shares of Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. BMO Capital Markets upped their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and increased their target price for the stock from $302.00 to $346.00 in a research note on Wednesday, April 8th. Finally, Wells Fargo & Company raised their price target on Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.23.

Clean Harbors Stock Performance

NYSE:CLH traded up $0.12 during mid-day trading on Friday, reaching $280.83. 22,834 shares of the stock were exchanged, compared to its average volume of 525,286. The stock has a market capitalization of $14.84 billion, a P/E ratio of 38.04 and a beta of 0.92. Clean Harbors has a 1 year low of $201.34 and a 1 year high of $316.98. The company has a 50 day simple moving average of $295.48 and a 200-day simple moving average of $267.89. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. Analysts anticipate that Clean Harbors will post 8.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Marcy L. Reed sold 836 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the completion of the sale, the director directly owned 5,081 shares of the company’s stock, valued at $1,463,023.14. This trade represents a 14.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total value of $293,000.00. Following the completion of the sale, the chief executive officer owned 38,877 shares in the company, valued at approximately $11,390,961. This trade represents a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 7,308 shares of company stock valued at $2,133,467 over the last 90 days. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Clean Harbors in the 4th quarter valued at about $152,195,000. Durable Capital Partners LP acquired a new position in Clean Harbors during the third quarter worth about $133,217,000. Nordea Investment Management AB grew its position in Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after buying an additional 569,388 shares during the period. Two Sigma Investments LP increased its holdings in Clean Harbors by 148.3% in the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after buying an additional 229,666 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Clean Harbors by 10.0% in the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after buying an additional 215,659 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors News Summary

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Zacks Research raised its near-term and medium-term earnings estimates for Clean Harbors, including higher forecasts for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, FY2026, and FY2027. Higher earnings expectations can be bullish for the stock because they suggest stronger operating performance ahead.
• Positive Sentiment: The updated FY2026 and FY2027 EPS estimates now sit at $8.28 and $8.85, respectively, both above prior forecasts. That indicates improving analyst confidence in Clean Harbors’ profitability.
• Neutral Sentiment: Clean Harbors recently reported Q1 results that beat EPS expectations, with $1.19 per share versus $1.15 expected, while revenue came in slightly below estimates. This was supportive, but not a major surprise for the market.
• Negative Sentiment: Director Lauren States sold 789 shares at an average price of $286.19, a modest insider sale that may weigh on sentiment, even though the transaction was relatively small compared with her remaining holdings.
• Negative Sentiment: The stock has been trading below its 50-day moving average, which can signal recent weakness and may limit near-term upside despite the improved analyst estimates.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.