Robert W. Baird Raises Clean Harbors (NYSE:CLH) Price Target to $85.00

Clean Harbors (NYSE:CLH) had its price objective lifted by Robert W. Baird from $82.00 to $85.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. The firm currently has an outperform rating on the business services provider’s stock.

Other research analysts also recently issued research reports about the stock. Oppenheimer upgraded shares of Clean Harbors from a market perform rating to an outperform rating and set a $88.00 price objective for the company in a research report on Thursday. CIBC upgraded shares of Clean Harbors from a market perform rating to an outperform rating and set a $88.00 price objective for the company in a research report on Thursday. UBS Group upped their price objective on shares of Clean Harbors from $70.00 to $73.00 and gave the stock a neutral rating in a research report on Thursday, April 4th. Finally, TheStreet downgraded shares of Clean Harbors from a b- rating to a c+ rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $81.25.

Shares of Clean Harbors stock traded down $0.75 during trading hours on Thursday, reaching $75.28. The stock had a trading volume of 5,587 shares, compared to its average volume of 304,179. The company’s 50 day simple moving average is $70.51. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 59.10 and a beta of 1.59. Clean Harbors has a twelve month low of $46.21 and a twelve month high of $80.06. The company has a quick ratio of 1.59, a current ratio of 1.91 and a debt-to-equity ratio of 1.40.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $868.68 million during the quarter, compared to the consensus estimate of $880.97 million. Clean Harbors had a net margin of 2.53% and a return on equity of 7.46%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, analysts forecast that Clean Harbors will post 1.93 EPS for the current year.

In related news, Director Rod Marlin sold 4,267 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.58, for a total transaction of $292,630.86. Following the completion of the transaction, the director now owns 37,062 shares in the company, valued at approximately $2,541,711.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Andrea Robertson sold 2,557 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $78.98, for a total transaction of $201,951.86. Following the transaction, the director now owns 13,467 shares of the company’s stock, valued at approximately $1,063,623.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,824 shares of company stock valued at $4,110,806. Insiders own 8.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc grew its stake in Clean Harbors by 89.2% during the 1st quarter. NumerixS Investment Technologies Inc now owns 7,000 shares of the business services provider’s stock valued at $496,000 after acquiring an additional 3,300 shares in the last quarter. Sciencast Management LP purchased a new stake in Clean Harbors during the 1st quarter valued at about $467,000. Bluestein R H & Co. purchased a new stake in Clean Harbors during the 1st quarter valued at about $286,000. Marshall Wace North America L.P. grew its stake in Clean Harbors by 284.8% during the 1st quarter. Marshall Wace North America L.P. now owns 18,422 shares of the business services provider’s stock valued at $1,318,000 after acquiring an additional 13,634 shares in the last quarter. Finally, Columbus Circle Investors purchased a new stake in Clean Harbors during the 1st quarter valued at about $26,089,000. Hedge funds and other institutional investors own 89.91% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

Read More: Conference Calls and Individual Investors

Analyst Recommendations for Clean Harbors (NYSE:CLH)

Receive News & Ratings for Clean Harbors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clean Harbors and related companies with MarketBeat.com's FREE daily email newsletter.