Clean Harbors (NYSE:CLH) Price Target Raised to $365.00

Clean Harbors (NYSE:CLH) had its target price upped by Robert W. Baird from $360.00 to $365.00 in a report published on Thursday morning, MarketBeat.com reports. They currently have an outperform rating on the business services provider’s stock.

A number of other analysts also recently commented on CLH. Raymond James Financial reissued a “strong-buy” rating and set a $375.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. UBS Group upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price target for the company from $325.00 to $375.00 in a research report on Wednesday. Citigroup boosted their price target on Clean Harbors from $376.00 to $378.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Stifel Nicolaus upped their price target on Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, William Blair downgraded Clean Harbors from an “outperform” rating to a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $363.07.

Clean Harbors Trading Down 0.6%

NYSE:CLH opened at $319.02 on Thursday. Clean Harbors has a 1 year low of $201.34 and a 1 year high of $335.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The stock has a fifty day moving average price of $317.02 and a two-hundred day moving average price of $305.38. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 1.85 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.36 EPS. As a group, sell-side analysts anticipate that Clean Harbors will post 9.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the transaction, the director directly owned 8,979 shares in the company, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors have recently made changes to their positions in CLH. BlackRock Inc. acquired a new stake in shares of Clean Harbors during the second quarter valued at $1,516,521,000. Jupiter Topco LLC purchased a new position in Clean Harbors in the 2nd quarter valued at about $477,570,000. Bessemer Group Inc. lifted its holdings in Clean Harbors by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock valued at $267,239,000 after purchasing an additional 16,747 shares in the last quarter. First Trust Advisors LP lifted its holdings in Clean Harbors by 10.0% in the 1st quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock valued at $223,202,000 after purchasing an additional 70,447 shares in the last quarter. Finally, Bank of America Corp DE acquired a new stake in shares of Clean Harbors during the 2nd quarter worth about $142,801,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.