Clean Harbors (NYSE:CLH) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Clean Harbors (NYSE:CLH) from a hold rating to a buy rating in a report published on Saturday.

Several other brokerages have also issued reports on CLH. Bank of America set a $377.00 price target on shares of Clean Harbors and gave the stock a “buy” rating in a research note on Thursday. Citigroup boosted their price objective on shares of Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a report on Wednesday. UBS Group raised their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Stifel Nicolaus lifted their target price on shares of Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors Price Performance

CLH opened at $313.15 on Friday. The stock has a fifty day simple moving average of $295.64 and a two-hundred day simple moving average of $288.70. The company has a current ratio of 2.13, a quick ratio of 1.99 and a debt-to-equity ratio of 0.94. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 38.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.86. Clean Harbors has a 12-month low of $201.34 and a 12-month high of $335.94.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 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 business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm posted $2.36 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts predict that Clean Harbors will post 9.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 789 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is owned by insiders.

Institutional Trading of Clean Harbors

Several institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in Clean Harbors during the 4th quarter valued at about $152,195,000. Durable Capital Partners LP purchased a new stake in shares of Clean Harbors during the 3rd quarter valued at about $133,217,000. Two Sigma Investments LP grew its stake in shares of 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 worth $89,287,000 after acquiring an additional 229,666 shares during the period. Janus Henderson Group PLC grew its stake in shares of 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 worth $557,146,000 after acquiring an additional 215,659 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in shares of Clean Harbors by 3,782.7% during the fourth quarter. Corient Private Wealth LLC now owns 194,718 shares of the business services provider’s stock valued at $45,657,000 after purchasing an additional 189,703 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors News Summary

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

• Positive Sentiment: Strong Q2 earnings beat: Clean Harbors reported earnings of $3.22 per share versus the $2.81 consensus estimate, while revenue reached $1.735 billion, ahead of the $1.64 billion forecast. Revenue increased 11.9% year over year, and earnings rose from $2.36 per share in the prior-year quarter. Clean Harbors Q2 Earnings Snapshot
• Positive Sentiment: Analysts raised targets: TD Cowen increased its target to $380, Citi to $376, Stifel to $364, Truist to $365 and Wells Fargo to $349. Citi, Stifel, TD Cowen and Truist maintained or assigned “buy” ratings, signaling confidence that the company’s growth can continue. Clean Harbors Analysts Boost Their Forecasts
• Positive Sentiment: Growth outlook remains attractive: Zacks highlighted Clean Harbors’ above-average financial growth and long-term market-outperformance potential. The company also reached a new one-year high following the earnings release, reflecting strong investor momentum. 3 Reasons Why Growth Investors Shouldn’t Overlook Clean Harbors
• Neutral Sentiment: Mixed analyst stance: Wells Fargo raised its price target substantially but retained an “equal weight” rating. The broader analyst consensus is “moderate buy,” suggesting optimism but not universal conviction.
• Negative Sentiment: Valuation and profit-taking risks: With the stock near its 52-week high and trading at roughly 38 times earnings, some investors may be taking profits or questioning whether further gains are already priced in. GuruFocus also characterized the shares as overvalued despite a strong overall score. Clean Harbors Valuation Analysis

Clean Harbors Company Profile

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.