Clean Harbors (NYSE:CLH) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Clean Harbors (NYSE:CLH) in a research note released on Thursday morning,Benzinga reports. They currently have a $268.00 target price on the business services provider’s stock.

Several other brokerages have also issued reports on CLH. Oppenheimer boosted their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday, January 13th. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Robert W. Baird reduced their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday. Truist Financial boosted their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $270.56.

Clean Harbors Trading Down 3.6 %

Shares of CLH stock opened at $211.97 on Thursday. The company’s 50-day moving average price is $233.69 and its 200-day moving average price is $242.09. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 27.60 and a beta of 1.24. Clean Harbors has a twelve month low of $176.02 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS. As a group, equities analysts predict that Clean Harbors will post 7.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now directly owns 11,918 shares in the company, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now owns 59,346 shares in the company, valued at $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock worth $444,558 over the last three months. Company insiders own 5.90% of the company’s stock.

Institutional Trading of Clean Harbors

A number of large investors have recently made changes to their positions in CLH. Kapitalo Investimentos Ltda purchased a new stake in shares of Clean Harbors during the fourth quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after buying an additional 159 shares during the period. Allworth Financial LP increased its stake in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after buying an additional 103 shares during the period. Assetmark Inc. increased its stake in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after buying an additional 205 shares during the period. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Clean Harbors during the third quarter worth approximately $56,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

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.