Robert W. Baird Raises Clean Harbors (NYSE:CLH) Price Target to $240.00

Clean Harbors (NYSE:CLH) had its price objective boosted by Robert W. Baird from $235.00 to $240.00 in a research note issued to investors on Thursday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the business services provider’s stock.

CLH has been the subject of several other reports. Truist Financial boosted their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research note 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. BMO Capital Markets boosted their target price on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an outperform rating in a research report on Thursday, March 28th. Stifel Nicolaus reissued a buy rating and set a $220.00 target price on shares of Clean Harbors in a research report on Monday, April 22nd. Finally, Oppenheimer boosted their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of Buy and an average price target of $216.40.

Clean Harbors Trading Up 0.9 %

CLH stock traded up $1.80 during midday trading on Thursday, reaching $207.35. 330,570 shares of the company’s stock traded hands, compared to its average volume of 310,847. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.66. Clean Harbors has a fifty-two week low of $132.92 and a fifty-two week high of $210.26. The business has a 50-day moving average price of $193.88 and a two-hundred day moving average price of $177.29. The company has a market capitalization of $11.18 billion, a P/E ratio of 30.01 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $1.36 earnings per share. Clean Harbors’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts forecast that Clean Harbors will post 7.46 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related 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 completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the transaction, the chief executive officer now directly owns 67,374 shares in the company, valued at approximately $12,646,773.54. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock valued at $4,819,554 over the last three months. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp acquired a new position in shares of Clean Harbors during the third quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Clean Harbors during the third quarter valued at $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Clean Harbors during the fourth quarter valued at $25,000. Rise Advisors LLC acquired a new position in shares of Clean Harbors during the first quarter valued at $27,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Clean Harbors during the third quarter valued at $33,000. 90.43% of the stock is currently owned by 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.