Clean Harbors (NYSE:CLH) Given New $155.00 Price Target at Raymond James

Posted by Defense World Staff on Mar 6th, 2023

Clean Harbors (NYSE:CLH – Get Rating) had its price target hoisted by Raymond James from $150.00 to $155.00 in a report issued on Sunday, The Fly reports.

CLH has been the topic of several other research reports. Oppenheimer raised their price target on shares of Clean Harbors from $135.00 to $145.00 and gave the stock an outperform rating in a research note on Thursday. Needham & Company LLC lifted their target price on Clean Harbors from $140.00 to $146.00 and gave the company a buy rating in a research note on Thursday. BMO Capital Markets boosted their target price on shares of Clean Harbors from $132.00 to $154.00 and gave the stock an outperform rating in a research report on Thursday. Finally, StockNews.com raised shares of Clean Harbors from a buy rating to a strong-buy rating in a report on Tuesday, November 8th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $145.00.

Clean Harbors Trading Up 0.1 %

CLH stock opened at $136.47 on Friday. The firm has a fifty day moving average price of $126.25 and a 200 day moving average price of $120.23. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.72 and a current ratio of 1.99. The firm has a market cap of $7.38 billion, a PE ratio of 18.05 and a beta of 1.37. Clean Harbors has a fifty-two week low of $81.56 and a fifty-two week high of $137.27.

Clean Harbors (NYSE:CLH – Get Rating) last announced its earnings results on Wednesday, March 1st. The business services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.15. Clean Harbors had a return on equity of 22.03% and a net margin of 7.97%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business earned $0.89 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts anticipate that Clean Harbors will post 6.79 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, insider Robert Speights sold 3,327 shares of the business’s stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of $113.71, for a total value of $378,313.17. Following the completion of the transaction, the insider now owns 36,340 shares of the company’s stock, valued at approximately $4,132,221.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Robert Speights sold 3,327 shares of Clean Harbors stock in a transaction that occurred on Thursday, December 29th. The shares were sold at an average price of $113.71, for a total transaction of $378,313.17. Following the completion of the transaction, the insider now directly owns 36,340 shares of the company’s stock, valued at approximately $4,132,221.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Eric W. Gerstenberg sold 16,409 shares of the business’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $116.02, for a total transaction of $1,903,772.18. Following the completion of the transaction, the chief operating officer now owns 61,332 shares of the company’s stock, valued at $7,115,738.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,760 shares of company stock valued at $3,188,665. 6.60% of the stock is owned by insiders.

Institutional Trading of Clean Harbors

A number of institutional investors and hedge funds have recently modified their holdings of CLH. Raymond James & Associates increased its stake in Clean Harbors by 146.7% during the first quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock worth $4,133,000 after acquiring an additional 22,012 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Clean Harbors in the first quarter valued at approximately $1,672,000. HighTower Advisors LLC increased its stake in Clean Harbors by 68.7% in the first quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock valued at $793,000 after purchasing an additional 2,883 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Clean Harbors by 122.5% during the first quarter. Acadian Asset Management LLC now owns 4,423 shares of the business services provider’s stock worth $492,000 after purchasing an additional 2,435 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Clean Harbors by 33.5% in the 1st quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock valued at $3,616,000 after buying an additional 8,127 shares in the last quarter. Hedge funds and other institutional investors own 88.13% of the company’s stock.

Clean Harbors Company Profile

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Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and the Safety-Kleen Sustainability Solutions segments. The Environmental Services segment consists of the technical services, industrial services, field services, and oil, gas, and lodging businesses.