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

Clean Harbors (NYSE:CLH) had its price target upped by equities research analysts at Stifel Nicolaus from $210.00 to $220.00 in a report released on Monday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 13.37% from the stock’s current price.

A number of other brokerages have also recently commented on CLH. Oppenheimer lifted 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. BMO Capital Markets boosted their price objective on Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Truist Financial boosted their price objective on Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. Finally, Needham & Company LLC boosted their price objective on Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $207.90.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $194.06 on Monday. The stock has a market cap of $10.60 billion, a price-to-earnings ratio of 27.92 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98. The stock has a 50 day moving average price of $190.19 and a 200-day moving average price of $174.30. Clean Harbors has a one year low of $129.70 and a one year high of $204.06.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The firm had revenue of $1.34 billion during 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 EPS. Equities analysts expect that Clean Harbors will post 7.35 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Brian P. Weber sold 7,996 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,185 shares of company stock worth $4,819,554. 6.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vontobel Holding Ltd. raised its position in shares of Clean Harbors by 12.5% in the 4th quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock worth $106,803,000 after acquiring an additional 67,809 shares in the last quarter. Strs Ohio raised its position in shares of Clean Harbors by 5.7% in the 3rd quarter. Strs Ohio now owns 194,413 shares of the business services provider’s stock worth $32,536,000 after acquiring an additional 10,527 shares in the last quarter. MJP Associates Inc. ADV raised its position in shares of Clean Harbors by 27.4% in the 4th quarter. MJP Associates Inc. ADV now owns 4,096 shares of the business services provider’s stock worth $715,000 after acquiring an additional 881 shares in the last quarter. Deutsche Bank AG raised its position in shares of Clean Harbors by 3,711.0% in the 3rd quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock worth $46,406,000 after acquiring an additional 270,009 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its position in Clean Harbors by 521.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 55,630 shares of the business services provider’s stock valued at $9,310,000 after buying an additional 46,678 shares in the last quarter. 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.