Clean Harbors (NYSE:CLH) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Clean Harbors (NYSE:CLH) in a research note released on Thursday, Benzinga reports. They currently have a $235.00 price objective on the business services provider’s stock.

Other analysts also recently issued research reports about the stock. BMO Capital Markets upped their price target on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a report on Thursday, March 28th. StockNews.com upgraded Clean Harbors from a buy rating to a strong-buy rating in a research note on Friday, March 29th. Truist Financial lifted their price target on Clean Harbors from $200.00 to $210.00 and gave the company a buy rating in a research note on Thursday, February 22nd. Robert W. Baird upped their price objective on Clean Harbors from $192.00 to $235.00 and gave the stock an outperform rating in a research report on Tuesday, April 16th. Finally, Oppenheimer lifted their target price on Clean Harbors from $178.00 to $200.00 and gave the company an outperform rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $216.40.

Clean Harbors Price Performance

NYSE CLH traded up $1.80 during midday trading on Thursday, hitting $207.35. The company had a trading volume of 330,570 shares, compared to its average volume of 310,847. The firm has a 50-day moving average price of $193.88 and a 200-day moving average price of $177.29. The company has a market capitalization of $11.18 billion, a PE ratio of 30.01 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 1.66 and a debt-to-equity ratio of 1.20. Clean Harbors has a twelve month low of $132.92 and a twelve month high of $210.26.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business earned $1.36 earnings per share. Clean Harbors’s revenue was up 5.3% on a year-over-year basis. As a group, analysts anticipate that Clean Harbors will post 7.46 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Brian P. Weber sold 7,996 shares of the firm’s 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 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 is available through this hyperlink. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the sale, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $2,867,457.96. Following the transaction, the chief executive officer now owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. Insiders sold 25,185 shares of company stock valued at $4,819,554 over the last quarter. 5.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

Institutional investors have recently modified their holdings of the company. Nations Financial Group Inc. IA ADV lifted its holdings in Clean Harbors by 4.0% in the first quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock valued at $259,000 after buying an additional 50 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Clean Harbors by 0.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,573 shares of the business services provider’s stock worth $1,845,000 after purchasing an additional 58 shares in the last quarter. Steph & Co. lifted its stake in Clean Harbors by 4.7% in the third quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock valued at $245,000 after buying an additional 66 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Clean Harbors by 2.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock worth $503,000 after buying an additional 71 shares during the period. 90.43% of the stock is owned by institutional investors.

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.