Clean Harbors (NYSE:CLH) Price Target Raised to $256.00

Clean Harbors (NYSE:CLH) had its price target upped by Oppenheimer from $255.00 to $256.00 in a research note published on Monday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Several other equities research analysts have also weighed in on CLH. Truist Financial raised their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. TD Cowen assumed coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Finally, Needham & Company LLC dropped their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $269.44.

Clean Harbors Trading Up 0.9 %

CLH opened at $236.91 on Monday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm’s 50 day moving average is $243.69 and its 200-day moving average is $240.90. The firm has a market capitalization of $12.77 billion, a P/E ratio of 30.85 and a beta of 1.24. Clean Harbors has a 52-week low of $162.36 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. Clean Harbors’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 earnings per share. Analysts expect that Clean Harbors will post 7.21 EPS for the current fiscal year.

Insider Activity

In other news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the transaction, the director now directly owns 12,842 shares in the company, valued at approximately $3,207,674.76. The trade was a 2.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the sale, the chief executive officer now owns 55,657 shares in the company, valued at approximately $13,937,625.94. The trade was a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,138 shares of company stock valued at $2,039,175 over the last ninety days. 5.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds have recently modified their holdings of CLH. Hantz Financial Services Inc. boosted its position in Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock valued at $678,000 after acquiring an additional 39 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of Clean Harbors by 8.4% in the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after buying an additional 45 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Clean Harbors by 11.8% during the third quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after buying an additional 52 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Clean Harbors by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after acquiring an additional 53 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Clean Harbors by 10.1% in the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock worth $142,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.