Raymond James Boosts Clean Harbors (NYSE:CLH) Price Target to $235.00

Clean Harbors (NYSE:CLH) had its price objective lifted by investment analysts at Raymond James from $225.00 to $235.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “strong-buy” rating on the business services provider’s stock. Raymond James’ price target indicates a potential upside of 14.91% from the stock’s current price.

CLH has been the subject of several other research reports. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th. BMO Capital Markets upped their target price on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. Needham & Company LLC restated a “buy” rating and issued a $235.00 price objective on shares of Clean Harbors in a research note on Thursday. Finally, Truist Financial boosted their target price on Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $213.40.

Clean Harbors Stock Up 1.1 %

Shares of CLH stock traded up $2.14 during trading hours on Thursday, reaching $204.50. 278,810 shares of the stock were exchanged, compared to its average volume of 325,460. The business’s fifty day moving average is $192.95 and its two-hundred day moving average is $176.67. The firm has a market capitalization of $11.17 billion, a P/E ratio of 29.39 and a beta of 1.24. Clean Harbors has a 12-month low of $129.70 and a 12-month high of $206.29. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. Clean Harbors’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.36 earnings per share. As a group, research analysts expect that Clean Harbors will post 7.4 EPS for the current fiscal year.

Insider Activity

In related news, Director John T. Preston sold 1,913 shares of the 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 completion of the transaction, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction of $360,332.68. Following the transaction, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of the firm’s 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 approximately $12,502,193.21. 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 quarter. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. Wellington Management Group LLP increased its stake in shares of Clean Harbors by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after purchasing an additional 182,622 shares in the last quarter. FMR LLC increased its position in Clean Harbors by 5.6% during the third quarter. FMR LLC now owns 1,419,048 shares of the business services provider’s stock worth $237,492,000 after buying an additional 75,038 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Clean Harbors by 5.4% in the fourth quarter. Clearbridge Investments LLC now owns 740,597 shares of the business services provider’s stock valued at $129,242,000 after acquiring an additional 38,171 shares in the last quarter. Vontobel Holding Ltd. lifted its position in shares of Clean Harbors by 12.5% in the fourth quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock valued at $106,803,000 after acquiring an additional 67,809 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Clean Harbors during the fourth quarter valued at $87,074,000. Institutional investors and hedge funds 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.