Clean Harbors (NYSE:CLH) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Clean Harbors (NYSE:CLH) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

A number of other equities analysts also recently weighed in on the company. BMO Capital Markets dropped their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Truist Financial cut their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Oppenheimer lowered their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Robert W. Baird cut their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $266.56.

Clean Harbors Stock Up 0.9 %

Shares of NYSE:CLH opened at $196.72 on Wednesday. Clean Harbors has a 52 week low of $186.54 and a 52 week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The company has a market cap of $10.59 billion, a PE ratio of 26.51 and a beta of 1.22. The firm has a 50 day simple moving average of $221.86 and a 200 day simple moving average of $237.29.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 earnings per share. As a group, research analysts expect that Clean Harbors will post 7.89 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric J. Dugas purchased 1,050 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the transaction, the chief financial officer now owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clean Harbors

A number of hedge funds have recently bought and sold shares of CLH. Reliant Investment Management LLC acquired a new position in shares of Clean Harbors during the 4th quarter worth about $4,386,000. Fiduciary Alliance LLC acquired a new position in shares of Clean Harbors during the fourth quarter worth approximately $846,000. Mountain Pacific Investment Advisers LLC boosted its position in shares of Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after acquiring an additional 4,240 shares during the period. Barclays PLC grew its stake in shares of Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after acquiring an additional 8,639 shares during the last quarter. Finally, Anthracite Investment Company Inc. acquired a new stake in shares of Clean Harbors in the third quarter worth $1,692,000. 90.43% of the stock is currently 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.