Clean Harbors (NYSE:CLH) Price Target Raised to $270.00 at Oppenheimer

Clean Harbors (NYSE:CLH) had its price target upped by Oppenheimer from $252.00 to $270.00 in a report issued on Monday, Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

Several other research firms also recently commented on CLH. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Needham & Company LLC lifted their target price on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Truist Financial raised their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Robert W. Baird raised their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $250.89.

Clean Harbors Trading Down 0.5 %

CLH opened at $255.49 on Monday. The company’s 50 day moving average is $245.86 and its 200-day moving average is $227.35. Clean Harbors has a 1-year low of $132.92 and a 1-year high of $261.81. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. The company has a market cap of $13.78 billion, a P/E ratio of 36.97 and a beta of 1.20.

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

Insider Activity

In other news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now directly owns 13,150 shares of the company’s stock, valued at approximately $3,428,731. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,617 shares of company stock worth $2,613,132 in the last quarter. 5.90% of the stock is owned by corporate insiders.

Institutional Trading of Clean Harbors

Several hedge funds have recently bought and sold shares of the business. Moody National Bank Trust Division grew its position in Clean Harbors by 1.0% in the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock valued at $1,095,000 after purchasing an additional 47 shares during the period. Quent Capital LLC grew its position in Clean Harbors by 6.9% in the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 47 shares during the period. Fifth Third Bancorp boosted its holdings in Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after acquiring an additional 50 shares during the last quarter. MJP Associates Inc. ADV grew its stake in shares of Clean Harbors by 1.1% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after acquiring an additional 51 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Company Profile

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.