Clean Harbors (NYSE:CLH) Rating Increased to Strong-Buy at StockNews.com

Clean Harbors (NYSE:CLH) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

Several other brokerages also recently issued reports on CLH. Robert W. Baird lifted their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Needham & Company LLC raised their price objective on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group raised their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Truist Financial raised their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $242.40.

Clean Harbors Price Performance

NYSE:CLH opened at $241.98 on Monday. The company has a 50-day moving average of $234.80 and a 200-day moving average of $216.62. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 35.00 and a beta of 1.20. Clean Harbors has a 52 week low of $132.92 and a 52 week high of $247.52. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $2.13 EPS. As a group, equities research analysts anticipate that Clean Harbors will post 7.65 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. The disclosure for this sale can be found here. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI bought a new position in Clean Harbors in the fourth quarter valued at approximately $34,000. Jump Financial LLC bought a new position in Clean Harbors in the fourth quarter valued at approximately $686,000. Brown Advisory Inc. bought a new position in Clean Harbors in the fourth quarter valued at approximately $499,000. Norges Bank bought a new position in Clean Harbors in the fourth quarter valued at approximately $87,074,000. Finally, Clearbridge Investments LLC lifted its stake in Clean Harbors by 5.4% in the fourth quarter. Clearbridge Investments LLC now owns 740,597 shares of the business services provider’s stock valued at $129,242,000 after buying an additional 38,171 shares in the last quarter. 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.