Clean Harbors (NYSE:CLH) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of Clean Harbors (NYSE:CLH) from a buy rating to a strong-buy rating in a report published on Wednesday morning.

Several other brokerages have also weighed in on CLH. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Truist Financial lifted their price objective on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Needham & Company LLC increased their target price on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. 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 research report on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and an average price target of $248.89.

Clean Harbors Stock Performance

Clean Harbors stock opened at $256.96 on Wednesday. The stock has a fifty day moving average price of $244.09 and a 200 day moving average price of $225.89. Clean Harbors has a 52 week low of $132.92 and a 52 week high of $261.81. The firm has a market capitalization of $13.86 billion, a P/E ratio of 37.19 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14.

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

Insider Activity

In related news, Director Lauren States sold 308 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the sale, the director now owns 13,150 shares in the company, valued at $3,428,731. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Lauren States sold 308 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the sale, the director now owns 13,150 shares of the company’s stock, valued at $3,428,731. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated 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 directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,617 shares of company stock worth $2,613,132. 5.90% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

Several hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in shares of Clean Harbors in the second quarter worth $25,000. Rise Advisors LLC bought a new position in Clean Harbors in the 1st quarter valued at about $27,000. GAMMA Investing LLC increased its stake in Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after buying an additional 56 shares during the period. UMB Bank n.a. raised its position in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after buying an additional 83 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Clean Harbors in the 2nd quarter worth approximately $56,000. 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.