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

StockNews.com upgraded shares of Clean Harbors (NYSE:CLH) from a buy rating to a strong-buy rating in a report released on Wednesday.

A number of other equities research analysts also recently commented on CLH. Stifel Nicolaus restated a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Oppenheimer lifted their target price on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Needham & Company LLC lifted their target price on Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price objective on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Truist Financial lifted their price objective on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $248.89.

Clean Harbors Price Performance

NYSE:CLH opened at $256.80 on Wednesday. Clean Harbors has a 52 week low of $132.92 and a 52 week high of $261.81. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $13.85 billion, a P/E ratio of 37.16 and a beta of 1.20. The stock’s fifty day moving average is $244.09 and its two-hundred day moving average is $225.68.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business earned $2.13 earnings per share. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts expect that Clean Harbors will post 7.65 EPS for the current year.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the transaction, the director now directly owns 13,150 shares of the company’s stock, valued at $3,428,731. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the transaction, the director now directly owns 13,150 shares of the company’s stock, valued at $3,428,731. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,617 shares of company stock valued at $2,613,132 in the last three months. 5.90% of the stock is owned by corporate insiders.

Institutional Trading of Clean Harbors

A number of institutional investors have recently bought and sold shares of the business. Moody National Bank Trust Division lifted its holdings in Clean Harbors by 1.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock worth $1,095,000 after buying an additional 47 shares during the last quarter. Quent Capital LLC lifted its holdings in Clean Harbors by 6.9% during the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after buying an additional 47 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after buying an additional 50 shares during the last quarter. MJP Associates Inc. ADV lifted its holdings in Clean Harbors by 1.1% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after buying an additional 51 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after buying an additional 56 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.