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

StockNews.com upgraded shares of Clean Harbors (NYSE:CLHFree Report) from a buy rating to a strong-buy rating in a research note issued to investors on Friday morning.

Several other equities analysts also recently commented on the company. Stifel Nicolaus reiterated a buy rating and issued a $206.00 price objective on shares of Clean Harbors in a research note on Monday, March 25th. Truist Financial increased their target price on Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. Needham & Company LLC increased their target price on Clean Harbors from $182.00 to $200.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. Wells Fargo & Company began 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. Finally, BMO Capital Markets increased their target price on Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a research report on Thursday. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of Buy and a consensus target price of $196.00.

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Clean Harbors Price Performance

Shares of NYSE CLH opened at $201.31 on Friday. Clean Harbors has a twelve month low of $129.70 and a twelve month high of $202.58. The stock’s 50 day moving average price is $183.78 and its 200-day moving average price is $171.69. The company has a market capitalization of $10.86 billion, a PE ratio of 28.97 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:CLHGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. Clean Harbors’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that Clean Harbors will post 7.35 EPS for the current year.

Insider Activity at Clean Harbors

In related news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction on 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 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 SEC, which can be accessed through this hyperlink. In other news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The sale 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 firm’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 transaction, the director now directly owns 4,767 shares in the company, valued at $897,912.12. The disclosure for this sale can be found here. Insiders have sold a total of 25,185 shares of company stock valued at $4,819,554 over the last 90 days. 6.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CLH. Millburn Ridgefield Corp bought a new position in shares of Clean Harbors during the third quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Clean Harbors during the third quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new stake in shares of Clean Harbors during the fourth quarter worth about $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Clean Harbors by 76.0% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 264 shares of the business services provider’s stock worth $30,000 after purchasing an additional 114 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Clean Harbors during the third quarter worth about $33,000. 90.43% of the stock is owned by institutional investors.

Clean Harbors Company Profile

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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.

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Analyst Recommendations for Clean Harbors (NYSE:CLH)

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