Stifel Nicolaus Boosts Clean Harbors (NYSE:CLH) Price Target to $220.00

Clean Harbors (NYSE:CLH) had its price objective boosted by Stifel Nicolaus from $210.00 to $220.00 in a report released on Monday, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the company. StockNews.com raised Clean Harbors from a buy rating to a strong-buy rating in a report on Friday, March 29th. Oppenheimer raised their target price on Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. Truist Financial raised their target price on Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a report on Thursday, February 22nd. BMO Capital Markets increased their price target on Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a research note on Thursday, March 28th. Finally, Needham & Company LLC increased their price target on Clean Harbors from $200.00 to $235.00 and gave the stock a buy rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average price target of $207.90.

Clean Harbors Price Performance

NYSE CLH opened at $191.78 on Monday. The business’s fifty day moving average price is $190.49 and its 200-day moving average price is $174.42. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 27.59 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. Clean Harbors has a 1-year low of $129.70 and a 1-year high of $204.06.

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

Insider Activity

In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the transaction, the chief executive officer now owns 67,374 shares in the company, valued at $12,646,773.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the transaction, the chief executive officer now owns 67,374 shares in the company, valued at $12,646,773.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock worth $4,819,554 over the last 90 days. Corporate insiders own 6.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLH. Raymond James & Associates grew its position in Clean Harbors by 146.7% in the first quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock worth $4,133,000 after acquiring an additional 22,012 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Clean Harbors in the first quarter worth about $1,672,000. HighTower Advisors LLC grew its position 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 worth $793,000 after acquiring an additional 2,883 shares in the last quarter. Acadian Asset Management LLC grew its position 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 worth $492,000 after acquiring an additional 2,435 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position 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 worth $3,616,000 after acquiring an additional 8,127 shares in the last quarter. Hedge funds and other 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.