Clean Harbors (NYSE:CLH) Earns "Buy" Rating from Needham & Company LLC

Clean Harbors (NYSE:CLH - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Needham & Company LLC in a report released on Thursday, Benzinga reports. They presently have a $235.00 price objective on the business services provider's stock. Needham & Company LLC's price target would suggest a potential upside of 14.29% from the company's current price.

A number of other equities analysts have also weighed in on the company. StockNews.com upgraded Clean Harbors from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 29th. BMO Capital Markets upped their target price on Clean Harbors from $200.00 to $225.00 and gave the stock an "outperform" rating in a research note on Thursday, March 28th. Truist Financial upped their target price on Clean Harbors from $200.00 to $210.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Robert W. Baird upped their target price on Clean Harbors from $192.00 to $235.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 16th. Finally, 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. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $213.40.

Clean Harbors Stock Up 1.6 %

Shares of NYSE:CLH traded up $3.25 during mid-day trading on Thursday, hitting $205.61. 485,000 shares of the company traded hands, compared to its average volume of 327,936. The stock has a market cap of $11.23 billion, a P/E ratio of 29.58 and a beta of 1.24. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02. Clean Harbors has a 12-month low of $129.70 and a 12-month high of $206.29. The stock has a 50-day moving average price of $192.95 and a two-hundred day moving average price of $176.67.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data 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 17.83% and a net margin of 6.99%. The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business's revenue was up 5.3% on a year-over-year basis. On average, equities research analysts forecast that Clean Harbors will post 7.4 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other news, Director John T. Preston sold 1,913 shares of the company's stock in a transaction 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 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 legal filing with the SEC, which is accessible through the SEC website. In other Clean Harbors news, CEO Eric W. Gerstenberg sold 15,276 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total value 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 $12,646,773.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John T. Preston sold 1,913 shares of the company's stock in a transaction on 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 directly owns 4,767 shares in the company, valued at $897,912.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,185 shares of company stock valued at $4,819,554. Corporate insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors have recently modified their holdings of the business. FORA Capital LLC boosted its holdings in Clean Harbors by 276.0% in the 1st quarter. FORA Capital LLC now owns 4,568 shares of the business services provider's stock worth $920,000 after buying an additional 3,353 shares during the last quarter. BNP Paribas acquired a new stake in Clean Harbors in the 1st quarter worth about $1,659,000. Capital Investment Counsel Inc acquired a new stake in Clean Harbors in the 1st quarter worth about $201,000. Retirement Systems of Alabama boosted its holdings in Clean Harbors by 1.5% in the 1st quarter. Retirement Systems of Alabama now owns 122,356 shares of the business services provider's stock worth $24,631,000 after buying an additional 1,829 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Clean Harbors by 16.6% in the 1st quarter. Van ECK Associates Corp now owns 18,448 shares of the business services provider's stock worth $3,714,000 after buying an additional 2,627 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.