BMO Capital Markets Boosts Clean Harbors (NYSE:CLH) Price Target to $225.00

Clean Harbors (NYSE:CLH) had its price target lifted by equities researchers at BMO Capital Markets from $200.00 to $225.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price indicates a potential upside of 11.55% from the stock’s previous close.

CLH has been the subject of several other reports. Truist Financial upped their target price on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Oppenheimer increased their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Needham & Company LLC increased their price target on shares of Clean Harbors from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $206.00 price target on shares of Clean Harbors in a research report on Monday. Finally, Wells Fargo & Company initiated coverage on shares of Clean Harbors in a report on Friday, December 8th. They set an “overweight” rating and a $190.00 target price on the stock. One equities research 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 company’s stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and an average target price of $196.00.

Clean Harbors Trading Up 0.6 %

Shares of CLH stock traded up $1.14 during trading hours on Thursday, reaching $201.71. 144,878 shares of the stock traded hands, compared to its average volume of 330,510. The business has a fifty day moving average price of $182.44 and a 200 day moving average price of $171.23. Clean Harbors has a 1-year low of $129.70 and a 1-year high of $202.58. The firm has a market capitalization of $10.88 billion, a PE ratio of 29.07 and a beta of 1.23. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts forecast that Clean Harbors will post 7.35 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on 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 transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on Wednesday, March 27th. The stock was 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 $12,502,193.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the transaction, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock valued at $4,819,554 over the last ninety days. 6.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Raymond James & Associates grew its holdings in shares of Clean Harbors by 146.7% during the first quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock worth $4,133,000 after purchasing an additional 22,012 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in Clean Harbors in the first quarter valued at approximately $1,672,000. HighTower Advisors LLC boosted its holdings in Clean Harbors by 68.7% in the first quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock valued at $793,000 after acquiring an additional 2,883 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Clean Harbors by 122.5% in the first quarter. Acadian Asset Management LLC now owns 4,423 shares of the business services provider’s stock valued at $492,000 after acquiring an additional 2,435 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Clean Harbors by 33.5% in the first quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock valued at $3,616,000 after acquiring an additional 8,127 shares during the last quarter. Institutional investors and hedge funds 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.