Stifel Nicolaus Raises Clean Harbors (NYSE:CLH) Price Target to $290.00

Clean Harbors (NYSE:CLH) had its price objective hoisted by investment analysts at Stifel Nicolaus from $270.00 to $290.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price objective points to a potential upside of 17.20% from the company’s current price.

Other equities analysts have also issued research reports about the company. Robert W. Baird cut their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC cut their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Finally, Truist Financial increased their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $271.00.

Clean Harbors Stock Down 1.8 %

Shares of NYSE CLH opened at $247.44 on Wednesday. Clean Harbors has a 52-week low of $161.39 and a 52-week high of $267.11. The stock has a market cap of $13.34 billion, a PE ratio of 32.22 and a beta of 1.22. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The business has a fifty day moving average of $252.34 and a two-hundred day moving average of $238.77.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.68 earnings per share. As a group, equities research analysts expect that Clean Harbors will post 7.21 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 11.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,447 shares of company stock valued at $4,576,829. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Clean Harbors by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after acquiring an additional 100,394 shares during the period. FMR LLC grew its position in shares of Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after acquiring an additional 187,140 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Clean Harbors by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock worth $386,477,000 after buying an additional 7,948 shares during the last quarter. State Street Corp lifted its stake in shares of Clean Harbors by 1.5% during the 3rd quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock worth $365,070,000 after buying an additional 21,662 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after buying an additional 248,240 shares during the last quarter. 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.