Raymond James Financial Boosts Clean Harbors (NYSE:CLH) Price Target to $280.00

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Clean Harbors (NYSE:CLH - Get Free Report) had its price objective boosted by equities researchers at Raymond James Financial from $278.00 to $280.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a "strong-buy" rating on the business services provider's stock. Raymond James Financial's price target would indicate a potential upside of 19.58% from the stock's current price.

A number of other analysts have also issued reports on CLH. BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the stock an "outperform" rating in a research report on Thursday. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird raised their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Needham & Company LLC cut their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Oppenheimer raised their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of "Moderate Buy" and an average target price of $263.40.

Clean Harbors Stock Down 0.7%

Shares of NYSE CLH traded down $1.66 during mid-day trading on Thursday, reaching $234.15. The company had a trading volume of 503,299 shares, compared to its average volume of 379,799. The stock has a fifty day moving average of $229.36 and a two-hundred day moving average of $220.23. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.98 and a current ratio of 2.45. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 32.89 and a beta of 1.18. Clean Harbors has a 12-month low of $178.29 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm's revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 earnings per share. As a group, equities research analysts expect that Clean Harbors will post 7.89 EPS for the current year.

Insider Activity at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 8,076 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the transaction, the chief executive officer owned 51,619 shares of the company's stock, valued at approximately $11,626,147.37. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alison A. Quirk sold 893 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the transaction, the director directly owned 2,978 shares in the company, valued at $666,148.82. This trade represents a 23.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,112 shares of company stock valued at $3,416,406. 5.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in Clean Harbors by 30.9% during the first quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider's stock worth $1,043,407,000 after buying an additional 1,249,704 shares in the last quarter. Select Equity Group L.P. boosted its stake in Clean Harbors by 4.8% during the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after buying an additional 80,436 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Clean Harbors by 0.8% during the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after buying an additional 13,167 shares in the last quarter. Bessemer Group Inc. boosted its stake in Clean Harbors by 0.9% during the fourth quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider's stock worth $252,042,000 after buying an additional 9,595 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Clean Harbors by 127.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 899,566 shares of the business services provider's stock worth $177,304,000 after buying an additional 504,290 shares in the last quarter. Institutional investors 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.