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

Clean Harbors (NYSE:CLH) had its target price hoisted by BMO Capital Markets from $200.00 to $225.00 in a research note issued to investors on Thursday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the business services provider’s stock.

A number of other research firms have also recently weighed in on CLH. Truist Financial raised 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. Needham & Company LLC raised their price target on Clean Harbors from $182.00 to $200.00 and gave the company a buy rating in a research note on Thursday, February 22nd. Wells Fargo & Company assumed coverage on Clean Harbors in a research report on Friday, December 8th. They set an overweight rating and a $190.00 target price on the stock. Oppenheimer lifted their target price on Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a research report on Thursday, February 22nd. Finally, Stifel Nicolaus reiterated a buy rating and set a $206.00 target price on shares of Clean Harbors in a research report on Monday. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors has an average rating of Buy and an average target price of $196.00.

Clean Harbors Trading Up 0.4 %

NYSE:CLH opened at $201.33 on Thursday. The firm has a market cap of $10.86 billion, a PE ratio of 28.97 and a beta of 1.23. The stock has a fifty day moving average price of $183.15 and a 200 day moving average price of $171.44. Clean Harbors has a 12-month low of $129.70 and a 12-month high of $202.58. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02.

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

Insider Transactions at Clean Harbors

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

Institutional Investors Weigh In On Clean Harbors

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