BMO Capital Markets Increases Clean Harbors (NYSE:CLH) Price Target to $230.00

Clean Harbors (NYSE:CLH) had its target price boosted by BMO Capital Markets from $225.00 to $230.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

Other analysts have also issued research reports about the stock. Oppenheimer lifted their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. Truist Financial lifted their price target on shares of Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. StockNews.com raised shares of Clean Harbors from a buy rating to a strong-buy rating in a research report on Friday, March 29th. Stifel Nicolaus reaffirmed a buy rating and issued a $220.00 price objective on shares of Clean Harbors in a research report on Monday, April 22nd. Finally, Robert W. Baird boosted their price objective on shares of Clean Harbors from $235.00 to $240.00 and gave the company an outperform rating in a research report on Thursday. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Clean Harbors has an average rating of Buy and a consensus target price of $216.40.

Clean Harbors Stock Performance

NYSE CLH opened at $207.35 on Thursday. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 30.01 and a beta of 1.24. The company has a 50 day moving average of $193.88 and a 200-day moving average of $177.29. 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 1-year low of $132.92 and a 1-year 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business posted $1.36 earnings per share. Clean Harbors’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts forecast that Clean Harbors will post 7.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, 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 sale, the executive vice president now directly owns 62,803 shares in the company, valued at approximately $12,502,193.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the transaction, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the business’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 owns 62,803 shares in the company, valued at $12,502,193.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,185 shares of company stock worth $4,819,554. Insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after buying an additional 182,622 shares during the last quarter. FMR LLC grew its stake in Clean Harbors by 5.6% in the 3rd quarter. FMR LLC now owns 1,419,048 shares of the business services provider’s stock valued at $237,492,000 after buying an additional 75,038 shares during the last quarter. Clearbridge Investments LLC grew its stake in Clean Harbors by 5.4% in the 4th quarter. Clearbridge Investments LLC now owns 740,597 shares of the business services provider’s stock valued at $129,242,000 after buying an additional 38,171 shares during the last quarter. Vontobel Holding Ltd. grew its stake in Clean Harbors by 12.5% in the 4th quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock valued at $106,803,000 after buying an additional 67,809 shares during the last quarter. Finally, Norges Bank bought a new stake in Clean Harbors in the 4th quarter valued at about $87,074,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.