Clean Harbors’ (CLH) “Buy” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Clean Harbors (NYSE:CLH) in a research report report published on Monday, Benzinga reports. The firm currently has a $220.00 target price on the business services provider’s stock.

CLH has been the subject of a number of other research reports. Needham & Company LLC raised their price objective on Clean Harbors from $200.00 to $235.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. Robert W. Baird increased their target price on Clean Harbors from $192.00 to $235.00 and gave the stock an outperform rating in a report on Tuesday, April 16th. 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 report on Thursday, March 28th. Oppenheimer increased 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. Finally, StockNews.com raised Clean Harbors from a buy rating to a strong-buy rating in a report on Friday, March 29th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have 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 $207.90.

Clean Harbors Price Performance

Shares of CLH stock opened at $196.00 on Monday. The stock has a 50 day moving average of $192.02 and a two-hundred day moving average of $175.57. 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 has a 12 month low of $129.70 and a 12 month high of $204.06. The company has a market capitalization of $10.71 billion, a P/E ratio of 28.20 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $1.44 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that Clean Harbors will post 7.38 EPS for the current year.

Insider Activity at Clean Harbors

In related news, Director John T. Preston sold 1,913 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John T. Preston sold 1,913 shares of Clean Harbors 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 of the company’s stock, valued at approximately $897,912.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The disclosure for this sale can be found here. Insiders sold 25,185 shares of company stock valued at $4,819,554 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Simplicity Wealth LLC acquired a new stake in shares of Clean Harbors in the 1st quarter valued at $963,000. Louisiana State Employees Retirement System boosted its position in shares of Clean Harbors by 2.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the business services provider’s stock worth $2,919,000 after purchasing an additional 400 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of Clean Harbors by 4.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock worth $259,000 after purchasing an additional 50 shares during the last quarter. Monument Capital Management boosted its position in shares of Clean Harbors by 16.7% in the 1st quarter. Monument Capital Management now owns 12,961 shares of the business services provider’s stock worth $2,609,000 after purchasing an additional 1,853 shares during the last quarter. Finally, State of Michigan Retirement System boosted its position in shares of Clean Harbors by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 12,307 shares of the business services provider’s stock worth $2,478,000 after purchasing an additional 200 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

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.