Clean Harbors (NYSE:CLH) Stock Rating Reaffirmed by Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Clean Harbors (NYSE:CLH - Free Report) in a research note issued to investors on Monday morning, Benzinga reports. Stifel Nicolaus currently has a $220.00 target price on the business services provider's stock.

A number of other analysts have also recently weighed in on the stock. Oppenheimer raised their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a report on Thursday, February 22nd. Truist Financial boosted their target price on shares of Clean Harbors from $200.00 to $210.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. BMO Capital Markets boosted their price objective 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. Needham & Company LLC boosted their price objective on shares of Clean Harbors from $200.00 to $235.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. Finally, Robert W. Baird boosted their price objective on shares of Clean Harbors from $192.00 to $235.00 and gave the stock an outperform rating in a research report on Tuesday, April 16th. One 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 stock. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $207.90.

Clean Harbors Stock Up 0.9 %

Shares of Clean Harbors stock traded up $1.79 on Monday, reaching $195.50. The stock had a trading volume of 305,944 shares, compared to its average volume of 320,665. The stock has a market capitalization of $10.68 billion, a P/E ratio of 28.19 and a beta of 1.24. Clean Harbors has a 1 year low of $129.70 and a 1 year high of $204.06. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02. The company has a 50 day moving average price of $191.02 and a 200 day moving average price of $174.92.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.44 earnings per share. As a group, equities research analysts forecast that Clean Harbors will post 7.38 EPS for the current year.

Insider Activity at Clean Harbors

In other news, EVP Brian P. Weber sold 7,996 shares of the business's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now owns 62,803 shares in the company, valued at $12,502,193.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other 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 value of $2,867,457.96. Following the transaction, the chief executive officer now owns 67,374 shares of the company's stock, valued at $12,646,773.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the firm's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the transaction, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders have sold a total of 25,185 shares of company stock valued at $4,819,554 in the last 90 days. 6.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Millburn Ridgefield Corp purchased a new stake in shares of Clean Harbors in the third quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new position in Clean Harbors during the third quarter valued at $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Clean Harbors in the 4th quarter worth about $25,000. Rise Advisors LLC bought a new stake in Clean Harbors in the 1st quarter worth about $27,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Clean Harbors in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 90.43% of the company's stock.

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.