Clean Harbors (NYSE:CLH) Stock Rating Upgraded by StockNews.com

Clean Harbors (NYSE:CLH) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC increased their price objective on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird lifted their price target on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Oppenheimer raised 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. Finally, Truist Financial boosted their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $242.40.

Clean Harbors Stock Up 1.2 %

Shares of NYSE:CLH traded up $3.02 during mid-day trading on Wednesday, hitting $258.20. 224,900 shares of the company traded hands, compared to its average volume of 290,909. The stock has a market cap of $13.93 billion, a P/E ratio of 37.37 and a beta of 1.20. The stock has a 50-day moving average price of $243.16 and a two-hundred day moving average price of $225.04. Clean Harbors has a 12-month low of $132.92 and a 12-month high of $261.81. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14.

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

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the transaction, the director now owns 13,150 shares in the company, valued at $3,428,731. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the sale, the director now directly owns 13,150 shares in the company, valued at $3,428,731. This represents 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 shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock worth $2,613,132 over the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Institutional Trading of Clean Harbors

Institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC increased its position in shares of Clean Harbors by 5.2% in the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after purchasing an additional 78,848 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Clean Harbors by 30.6% in the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after buying an additional 248,240 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Clean Harbors by 1.2% during the 1st quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock valued at $204,019,000 after buying an additional 12,411 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Clean Harbors by 12.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after acquiring an additional 63,800 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after acquiring an additional 90,756 shares in the last quarter. Hedge funds and other institutional investors 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.