Clean Harbors (NYSE:CLH) Stock, Quote.Headers.trade-ideas

Clean Harbors

Clean Harbors Inc is an environmental and industrial services provider. It provides parts cleaning and related environmental services to commercial, industrial, and automotive customers. Its business segments are Environmental Services and Safety-Kleen Sustainability Solutions. The company generates the majority of its revenues from the Environmental Services segment.

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Clean Harbors Inc

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The Nasdaq 100 closed higher by around 2.5% during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Bentley Systems</h3>
<ul>
<li>The Trade: Bentley Systems, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSY#NASDAQ">BSY</a>) Chief Product Officer Michael M Campbell <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,578 shares</a> at an average price of $47.27. The insider received around $216,416 from selling those shares.</li>
<li>What's Happening: On Sept. 16, Rosenblatt analyst Blair Abernethy maintained Bentley Systems with a Buy and maintained a $62 price target.</li>
<li>What Bentley Systems Does: Bentley Systems is a software vendor that caters to engineers, architects, constructors, and geospatial professionals by enabling design, modeling, simulation and project, and data management of infrastructure assets.</li>
</ul>
<h3 class="wp-block-heading">Clean Harbors</h3>
<ul>
<li>The Trade: Clean Harbors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) Director Lauren States <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 309 shares</a> at an average price of $244.09. The insider received around $75,424 from selling those shares.</li>
<li>What's Happening: On July 31, Clean Harbors reported better-than-expected second-quarter financial results and raised its FY24 adjusted EBITDA guidance.</li>
<li>What Clean Harbors Does: Clean Harbors Inc is an environmental and industrial services provider.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40952252/nvidia-tesla-rally-as-dow-s-p-500-surge-to-fresh-highs-after-fed-cuts-rates-fear-index-remains-in-g">Nvidia, Tesla Rally As Dow, S&amp;P 500 Surge To Fresh Highs After Fed Cuts Rates: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Needham analyst James Ricchiuti maintains Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) with a Buy and raises the price target from $235 to $274.

Price Target

Needham Maintains Buy on Clean Harbors, Raises Price Target to $274

Goldman Sachs analyst Jerry Revich maintains Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) with a Neutral and raises the price target from $223 to $256.

Goldman Sachs Maintains Neutral on Clean Harbors, Raises Price Target to $256

BMO Capital analyst Devin Dodge maintains Clean Harbors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clh#NYSE">CLH</a>) with a Outperform and raises the price target from $242 to $264.BMO Capital analyst Devin Dodge maintains Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) with a Outperform and raises the price target from $242 to $264.

BMO Capital Maintains Outperform on Clean Harbors, Raises Price Target to $264

Oppenheimer analyst Noah Kaye maintains Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) with a Outperform and raises the price target from $245 to $252.

Oppenheimer Maintains Outperform on Clean Harbors, Raises Price Target to $252

Stifel analyst Michael Hoffman reiterates Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) with a Buy and raises the price target from $240 to $275.

Reiteration

Stifel Reiterates Buy on Clean Harbors, Raises Price Target to $275

Baird analyst David Manthey maintains Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) with a Outperform and raises the price target from $242 to $268.

Baird Maintains Outperform on Clean Harbors, Raises Price Target to $268

WIIM

Clean Harbors shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 adjusted EBITDA guidance.

Guidance

Clean Habors Raised FY24 Adj. EBITDA Outlook To $1.125B-$1.165B From $1.1B-$1.15B

Clean Harbors Sees Q3 2024 Adj. EBITDA To Grow 20% to 24%

Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) reported quarterly earnings of $2.46 per share which beat the analyst consensus estimate of $2.22 by 10.81 percent. The company reported quarterly sales of $1.553 billion which beat the analyst consensus estimate of $1.530 billion by 1.54 percent. This is a 11.09 percent increase over sales of $1.398 billion the same period last year.

Earnings Beats

Clean Harbors Q2 2024 GAAP EPS $2.46 Beats $2.22 Estimate, Sales $1.553B Beat $1.530B Estimate

Clean Harbors's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) short percent of float has fallen 3.6% since its last report. The company recently reported that it has 540 thousand shares sold short, which is 1.07% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.73 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Clean Harbors Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721998819_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Clean Harbors has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Clean Harbors's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Clean Harbors's peer group average for short interest as a percentage of float is 3.32%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Peering Into Clean Harbors's Recent Short Interest

Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) underwent analysis by 9 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $235.0, a high estimate of $260.00, and a low estimate of $220.00. Observing a 6.18% increase, the current average has risen from the previous average price target of $221.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1720702811_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of Clean Harbors by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tobey Sommer</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$260.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Tobey Sommer</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$240.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$235.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Patrick Tyler Brown</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$235.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>Devin Dodge</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$230.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$240.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Michael Hoffman</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$220.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$235.00</td>
<td>$192.00</td>
</tr>
<tr>
<td>Michael Hoffman</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$220.00</td>
<td>$210.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Clean Harbors. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Clean Harbors compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Clean Harbors's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Clean Harbors's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CLH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Clean Harbors analyst ratings.</a>
<h2>Unveiling the Story Behind Clean Harbors</h2>
Clean Harbors Inc is an environmental and industrial services provider. It provides parts cleaning and related environmental services to commercial, industrial, and automotive customers. Its business segments are Environmental Services and Safety-Kleen Sustainability Solutions. The company generates the majority of its revenues from the Environmental Services segment.
<h3>Financial Milestones: Clean Harbors's Journey</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Clean Harbors's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 5.3%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Clean Harbors's net margin is impressive, surpassing industry averages. With a net margin of 5.07%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Clean Harbors's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.06% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Clean Harbors's ROA stands out, surpassing industry averages. With an impressive ROA of 1.05%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Clean Harbors's debt-to-equity ratio is below the industry average at 1.3, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What 9 Analyst Ratings Have To Say About Clean Harbors

Truist Securities analyst Tobey Sommer maintains Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) with a Buy and raises the price target from $240 to $260.

Truist Securities Maintains Buy on Clean Harbors, Raises Price Target to $260

The U.S. Business Services space has been benefiting from the strong fundamentals of the economy. Despite facing a record-high interest rate, a sticky inflation rate and extremely tight monetary control by the Fed, this sector has provided double-digit returns year to date.
Industries within this sector are mature, with demand for services in good shape. Revenues, income and cash flows are anticipated to gradually reach the pre-pandemic levels, aiding most industry players to pay out stable dividends.
The pandemic has changed the way industry players conduct business and deliver services. The industry&#39;s key focus is currently on channeling money and efforts toward more effective operational components, such as technology, digital transformation, data-driven decision-making and enhanced cybersecurity.
To position themselves suitably in the post-pandemic era and better utilize the opportunities that the economic recovery will bring, service providers are increasing their efforts toward formulating and reassessing strategic initiatives and targeting end markets.
The stuffing industry has been benefiting from a resilient labor market. The industry has been increasingly leveraging technology to streamline processes, enhance efficiency, and provide better services. Utilizing tech-driven recruitment methods such as AI, social media, and Big Data are on the rise.
Higher talent costs due to a competitive talent market have been a headwind for the industry. However, growing immigration is helping service providers thrive with the increased flow of foreign talent.
<h3>Our Top Picks</h3>
We have narrowed our search to five business services stocks with strong growth potential for the rest of 2024. These stocks have seen positive earnings estimate revisions in the last 60 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy).
The chart below shows the price performance of our five picks year to date.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/f5/68439.jpg?v=675921930" /> 
Image Source: Zacks Investment Research
AppLovin Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>) is engaged in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. APP provides a technology platform that enables developers to market, monetize, analyze and publish their apps.
Zacks Rank #1 AppLovin has an expected revenue and earnings growth rate of 31.7% and more than 100%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 8.4% over the last 30 days.
Booz Allen Hamilton Holding Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bah#NYSE">BAH</a>) is benefiting from its Vision 2020 strategy, which has accelerated organic revenue growth, strengthened its profitability and fetched significant headcount and backlog growth.
BAH&#39;s VoLT strategy focuses on integrating velocity, leadership and technology in the process of transformation. BAH is focusing on areas such as Artificial Intelligence, advanced engineering, directed energy and modern digital platforms.
Zacks Rank #2 Booz Allen Hamilton has an expected revenue and earnings growth rate of 9.8% and 10%, respectively, for the current year (ending March 2025). The Zacks Consensus Estimate for current-year earnings has improved 1% over the last seven days.
Clean Harbors Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clh#NYSE">CLH</a>) capital investments enhance the quality of its services, and help it comply with government and local regulations. Acquisitions help CLH expand its business across multiple lines of services.
CLH has a diversified customer base, ranging from Fortune 500 companies to midsize and small public and private entities, which provides it with stable and recurring revenue sources. Consistent share repurchases boost investor confidence and aid CLH&#39;s earnings per share.
Zacks Rank #2 Clean Harbors has an expected revenue and earnings growth rate of 8.7% and 6.9%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 30 days.
Global Payments Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gpn#NYSE">GPN</a>) has benefited from solid contributions of its merchant business. The growing demand for digital payment methods is expected to support GPN&#39;s transaction volume growth.
The EVO Payments buyout is enhancing GPN&#39;s capabilities, as evidenced by the results of recent quarters. GPN&#39;s favorable 2024 outlook further buoys investors&#39; confidence. We expect revenues to increase 5.5% year over year in 2024.
Zacks Rank #2 Global Payments has an expected revenue and earnings growth rate of 6.4% and 11.6%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.1% over the last 60 days.
Omnicom Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/omc#NYSE">OMC</a>) continues to focus on its internal development initiatives. Consistency and diversity of operations and increased focus on delivering consumer-centric strategic business solutions ensure persistent profitability.
OMC&#39;s bottom line is gaining from ongoing operating efficiency initiatives in real estate, back-office services, procurement and IT areas. Change in the business mix of OMC resulting from the disposition of some non-core or underperforming agencies has been aiding the bottom line.
Zacks Rank #2 Omnicom Group has an expected revenue and earnings growth rate of 6.2% and 5.8%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.4% over the last 60 days.
<a href="https://www.zacks.com/stock/news/2285861/top-5-business-services-stocks-to-strengthen-your-portfolio?cid=CS-BENZ-FT-analyst_blog|investment_ideas-2285861">To read this article on Zacks.com click here.</a>

Clean Harbors's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) short percent of float has risen 19.23% since its last report. The company recently reported that it has 628 thousand shares sold short, which is 1.24% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Clean Harbors Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718032516_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Clean Harbors has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Clean Harbors's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Clean Harbors's peer group average for short interest as a percentage of float is 2.64%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Clean Harbors?

The Tema American Reshoring ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSHO#NYSE">RSHO</a>), the first U.S.-listed fund dedicated to reshoring investing, outperformed the S&amp;P 500 Index over the last year, remarkably achieving this without holding any of the high-<a href="https://www.benzinga.com/topic/magnificent-seven">flying Magnificent Seven stocks.</a>
As of June 3, 2024, the RSHO ETF recorded a 32% annual gain, outperforming the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) by about 7 percentage points.
&#8220;The industrial world needs to be rewired to support local manufacturing,&#8221; Maurits&nbsp;Pot, founder and CEO at Tema ETF Management, told Benzinga in an exclusive interview. 
Pot noted supply chain insecurity, trade wars, geopolitical tensions and deglobalization are pushing companies such as Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), and Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) to bring their manufacturing activities back to America for the first time.
&#8220;I think what we&#8217;re starting to see is a massive reinvestment and reactivation of the U.S. industrial heartland,&#8221; Pot said, highlighting that parts of Indiana, Kansas and Michigan, once left behind during the globalization era, are now thriving.
&#8220;We&#8217;re seeing big investments from U.S. and foreign companies wanting to supply the U.S., realizing they can no longer manufacture in China, Korea or Vietnam,&#8221; he added.
<h1 class="wp-block-heading">Chart: Reshoring-Related Stocks Have Outperformed The S&amp;P 500 Index Over The Last Year</h1>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03120754/image-6-1024x500.png" alt="" class="wp-image-368340" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03120754/image-6-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03120754/image-6-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03120754/image-6-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03120754/image-6-1536x750.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/03120754/image-6.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h1 class="wp-block-heading">Still At Early Stages Of The Megatrend, With A Bipartisan Support</h1>
This process of deglobalization and reshoring is going to happen over many years, and we&#8217;re still in the early stages, according to the expert. 
Government policy is driving this reshoring trend, with $1.85 trillion of bipartisan support across three major bills aimed at bridging the U.S. infrastructure investment gap with the rest of the world. 
Pot asserts that both political parties agree on bringing jobs, manufacturing, and intellectual property back to America.
<h1 class="wp-block-heading">How Does the RSHO ETF Invest?</h1>
The Tema American Reshoring ETF holds 31 companies, including large firms like Eaton Corp plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) — the fund&#8217;s largest holding — and under-the-radar reshoring winners in the U.S. midcap space.
&#8220;The playing field in reshoring is actually relatively flat. And what I mean is there&#8217;s a lot of pockets of opportunity for different players,&#8221; Pot told Benzinga.
The fund targets reshoring firms in three categories:
<ol>
<li>Reshoring Firms: Companies like Parker-Hannifin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) are building new, automated factories in the U.S., bringing manufacturing closer to customers and reducing supply chain risks.</li>
<li>Reshoring Facilitators: Companies like Summit Materials Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUM#NYSE">SUM</a>), which provide construction materials, are upgrading U.S. infrastructure, from roads to factories.</li>
<li>Reshoring Beneficiaries: Firms like Clean Harbors Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>), a leader in hazardous waste disposal, are seeing growth and valuation increases due to more reshoring activity.</li>
</ol>
The fund is managed by Chris Semenuk, an expert in the industrials sector with 30 years of experience navigating market cycles, known for identifying undervalued stocks with strong long-term fundamentals.
Last week, the RSHO ETF witnessed $15 million of inflows, pushing its asset under management to $35 million. 
Proudly highlighting the strong performance of the fund, Pot commented: &#8220;There are not many funds that don&#8217;t own the Magnificent 7 but have beaten the S&amp;P in the last year.&#8221;
Read Now: <a href="https://www.benzinga.com/news/24/02/36999785/us-imports-from-mexico-surpass-china-for-the-first-time-in-20-years">US Imports From Mexico Surpass China For The First Time In 20 Years</a>
Photo: Shutterstock

EXCLUSIVE: Tema American Reshoring ETF Outshines S&P 500 Without Owning Magnificent 7 Stocks — 'They Can No Longer Manufacture In China'

Truist Securities analyst Tobey Sommer maintains Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) with a Buy and raises the price target from $210 to $240.

Truist Securities Maintains Buy on Clean Harbors, Raises Price Target to $240

Raymond James analyst Patrick Tyler Brown maintains Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>) with a Strong Buy and raises the price target from $225 to $235.

Raymond James Maintains Strong Buy on Clean Harbors, Raises Price Target to $235

Throughout the last three months, 15 analysts have evaluated Clean Harbors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLH#NYSE">CLH</a>), offering a diverse set of opinions from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $220.07, along with a high estimate of $240.00 and a low estimate of $200.00. Observing a 8.23% increase, the current average has risen from the previous average price target of $203.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1714662047_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of Clean Harbors by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Devin Dodge</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$230.00</td>
<td>$225.00</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$235.00</td>
<td>-</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$240.00</td>
<td>$235.00</td>
</tr>
<tr>
<td>Michael Hoffman</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$220.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$235.00</td>
<td>$192.00</td>
</tr>
<tr>
<td>Michael Hoffman</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$220.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$235.00</td>
<td>-</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$235.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Devin Dodge</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$225.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Michael Hoffman</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$210.00</td>
<td>$206.00</td>
</tr>
<tr>
<td>Michael Hoffman</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$206.00</td>
<td>-</td>
</tr>
<tr>
<td>Tobey Sommer</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$210.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Noah Kaye</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$178.00</td>
</tr>
<tr>
<td>Devin Dodge</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$200.00</td>
<td>$192.00</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$182.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Clean Harbors. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Clean Harbors compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Clean Harbors's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Clean Harbors's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CLH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Clean Harbors analyst ratings.</a>
<h2>Unveiling the Story Behind Clean Harbors</h2>
Clean Harbors Inc is an environmental and industrial services provider. It provides parts cleaning and related environmental services to commercial, industrial, and automotive customers. Its business segments are Environmental Services and Safety-Kleen Sustainability Solutions. The company generates the majority of its revenues from the Environmental Services segment.
<h3>A Deep Dive into Clean Harbors's Financials</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Over the 3 months period, Clean Harbors showcased positive performance, achieving a revenue growth rate of 4.7% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 7.35%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.44%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Clean Harbors's ROA excels beyond industry benchmarks, reaching 1.56%. This signifies efficient management of assets and strong financial health.
Debt Management: Clean Harbors's debt-to-equity ratio is below the industry average. With a ratio of 1.11, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Press Releases

Clean Harbors Completes Acquisition of HEPACO

Clean Harbors Launches "Total PFAS Solution" Addressing Customers' Forever Chemicals Needs

Clean Harbors to Announce First-Quarter 2024 Financial Results on May 1

Clean Harbors to Participate in Upcoming Investor Conferences

Clean Harbors Announces First-Quarter 2024 Financial Results

Clean Harbors to Participate in Fireside Chat at the Stifel 2024 Cross Sector Insight Conference

Clean Harbors to Announce Second-Quarter 2024 Financial Results on July 31

Clean Harbors Announces Second-Quarter 2024 Financial Results

Clean Harbors Achieves More Than 3.5 Million Metric Tons of Greenhouse Gas (GHG) Avoidance in 2023; Issues 2024 Sustainability Report

Clean Harbors Adds Michael Battles and Eric Gerstenberg to its Board of Directors; Expands Board to 13 Members

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