Clean Harbors (NYSE:CLH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Clean Harbors (NYSE:CLH) from a hold rating to a buy rating in a report released on Saturday morning.

Several other research firms have also recently issued reports on CLH. Weiss Ratings cut shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. The Goldman Sachs Group raised their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Truist Financial raised their target price on shares of Clean Harbors from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Raymond James Financial restated a “strong-buy” rating and set a $320.00 target price on shares of Clean Harbors in a report on Monday, February 23rd. Finally, BMO Capital Markets raised their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $308.09.

Clean Harbors Trading Up 0.5%

Clean Harbors stock opened at $303.75 on Friday. The firm has a 50 day simple moving average of $284.85 and a 200-day simple moving average of $252.83. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The stock has a market capitalization of $16.07 billion, a PE ratio of 41.72 and a beta of 0.94. Clean Harbors has a 12-month low of $199.66 and a 12-month high of $316.98.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.03. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share. As a group, equities research analysts expect that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Activity

In related news, EVP Sharon M. Gabriel sold 3,540 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $282.07, for a total value of $998,527.80. Following the completion of the sale, the executive vice president owned 23,193 shares in the company, valued at approximately $6,542,049.51. This represents a 13.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marcy L. Reed sold 836 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total transaction of $240,717.84. Following the completion of the sale, the director owned 5,081 shares of the company’s stock, valued at approximately $1,463,023.14. This trade represents a 14.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,597 shares of company stock valued at $3,895,286 in the last ninety days. 5.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

Hedge funds have recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Clean Harbors in the 4th quarter valued at approximately $26,000. Quattro Advisors LLC purchased a new stake in shares of Clean Harbors in the 4th quarter valued at approximately $26,000. MidFirst Bank purchased a new stake in shares of Clean Harbors in the 4th quarter valued at approximately $28,000. Parkside Financial Bank & Trust lifted its position in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of Clean Harbors in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.