Clean Harbors (NYSE:CLH) Upgraded at StockNews.com

Clean Harbors (NYSE:CLH) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

A number of other research analysts also recently issued reports on CLH. Truist Financial lifted their price target on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Robert W. Baird raised their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Oppenheimer raised their target price on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and a consensus target price of $242.40.

Clean Harbors Stock Up 0.2 %

NYSE:CLH traded up $0.39 during mid-day trading on Monday, reaching $244.36. The company’s stock had a trading volume of 154,667 shares, compared to its average volume of 300,622. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. Clean Harbors has a 1 year low of $132.92 and a 1 year high of $247.52. The stock has a fifty day moving average of $234.80 and a 200-day moving average of $216.62. The firm has a market capitalization of $13.19 billion, a PE ratio of 35.36 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.25. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.13 EPS. Equities research analysts forecast that Clean Harbors will post 7.65 earnings per share for the current year.

Institutional Investors Weigh In On Clean Harbors

A number of large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Clean Harbors during the 4th quarter worth about $87,074,000. Clearbridge Investments LLC boosted its position in Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after buying an additional 248,240 shares during the last quarter. Lazard Freres Gestion S.A.S. purchased a new stake in Clean Harbors in the second quarter valued at approximately $42,968,000. Wellington Management Group LLP increased its holdings in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after buying an additional 182,622 shares during the period. Finally, DAVENPORT & Co LLC raised its position in Clean Harbors by 93.1% during the 1st quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock worth $53,124,000 after buying an additional 127,498 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.