BMO Capital Markets Raises Clean Harbors (NYSE:CLH) Price Target to $230.00

Clean Harbors (NYSE:CLH) had its target price hoisted by BMO Capital Markets from $225.00 to $230.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

CLH has been the topic of a number of other research reports. Needham & Company LLC restated a buy rating and issued a $235.00 price objective on shares of Clean Harbors in a report on Thursday. Truist Financial raised their price objective on Clean Harbors from $200.00 to $210.00 and gave the company a buy rating in a research report on Thursday, February 22nd. Oppenheimer lifted their price objective on Clean Harbors from $178.00 to $200.00 and gave the company an outperform rating in a research note on Thursday, February 22nd. StockNews.com raised Clean Harbors from a buy rating to a strong-buy rating in a research note on Friday, March 29th. Finally, Robert W. Baird lifted their price target on Clean Harbors from $235.00 to $240.00 and gave the stock an outperform rating in a research report on Thursday. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and an average target price of $216.40.

Clean Harbors Stock Up 0.9 %

Shares of CLH traded up $1.80 on Thursday, reaching $207.35. The stock had a trading volume of 330,570 shares, compared to its average volume of 310,847. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.66 and a current ratio of 2.07. Clean Harbors has a 12-month low of $132.92 and a 12-month high of $210.26. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 30.01 and a beta of 1.24. The company has a 50-day simple moving average of $193.88 and a 200-day simple moving average of $177.20.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $1.36 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts predict that Clean Harbors will post 7.4 EPS for the current year.

Insiders Place Their Bets

In other 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 directly owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’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 in the company, valued at approximately $12,646,773.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,185 shares of company stock valued at $4,819,554. 5.90% of the stock is owned by insiders.

Institutional Trading of Clean Harbors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Clean Harbors during the 4th quarter worth $87,074,000. Deutsche Bank AG lifted its position in Clean Harbors by 3,711.0% during the third quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock valued at $46,406,000 after purchasing an additional 270,009 shares in the last quarter. Wellington Management Group LLP lifted its position in Clean Harbors by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after purchasing an additional 182,622 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Clean Harbors by 61.6% during the third quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock valued at $65,983,000 after purchasing an additional 150,251 shares during the period. Finally, DAVENPORT & Co LLC bought a new position in shares of Clean Harbors in the fourth quarter worth about $23,999,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.