Clean Harbors (NYSE:CLH) Sets New 1-Year High on Analyst Upgrade

Shares of Clean Harbors, Inc. (NYSE:CLH - Get Free Report) reached a new 52-week high during mid-day trading on Friday after Truist Financial raised their price target on the stock from $210.00 to $240.00. Truist Financial currently has a buy rating on the stock. Clean Harbors traded as high as $210.26 and last traded at $208.86, with a volume of 64723 shares trading hands. The stock had previously closed at $205.55.

CLH has been the subject of several other research reports. Robert W. Baird lifted their price objective on shares of Clean Harbors from $235.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday. StockNews.com lowered shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday. Stifel Nicolaus restated a "buy" rating and issued a $220.00 target price on shares of Clean Harbors in a research note on Monday, April 22nd. BMO Capital Markets boosted their price objective on Clean Harbors from $225.00 to $230.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Needham & Company LLC reiterated a "buy" rating and set a $235.00 price objective on shares of Clean Harbors in a report on Thursday. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $216.40.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 15,276 shares of the company's stock in a transaction that occurred on 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 owns 67,374 shares of the company's stock, valued at approximately $12,646,773.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Clean Harbors news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the transaction, the director now directly owns 4,767 shares of the company's stock, valued at $897,912.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the sale, the chief executive officer now directly owns 67,374 shares of the company's stock, valued at approximately $12,646,773.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,185 shares of company stock worth $4,819,554. Corporate insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On Clean Harbors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division bought a new stake in Clean Harbors during the first quarter valued at about $195,000. FORA Capital LLC raised its holdings in Clean Harbors by 276.0% during the 1st quarter. FORA Capital LLC now owns 4,568 shares of the business services provider's stock valued at $920,000 after buying an additional 3,353 shares during the period. BNP Paribas purchased a new stake in Clean Harbors during the 1st quarter valued at $1,659,000. Capital Investment Counsel Inc purchased a new position in Clean Harbors during the first quarter worth $201,000. Finally, Retirement Systems of Alabama raised its stake in shares of Clean Harbors by 1.5% in the first quarter. Retirement Systems of Alabama now owns 122,356 shares of the business services provider's stock valued at $24,631,000 after acquiring an additional 1,829 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Up 0.9 %

The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.66 and a current ratio of 2.07. The company's fifty day moving average price is $193.42 and its 200-day moving average price is $176.87. The stock has a market cap of $11.33 billion, a P/E ratio of 30.31 and a beta of 1.24.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $1.36 earnings per share. The business's revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts forecast that Clean Harbors, Inc. will post 7.4 EPS for the current year.

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.