Clean Harbors (NYSE:CLH) Price Target Increased to $270.00 by Analysts at Oppenheimer

Clean Harbors (NYSE:CLH) had its target price lifted by analysts at Oppenheimer from $252.00 to $270.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 4.64% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Needham & Company LLC increased their price objective 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. Robert W. Baird upped their price target on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Stifel Nicolaus reissued a “buy” rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Finally, Truist Financial raised their target price on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $250.89.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $258.02 on Monday. The firm has a market cap of $13.92 billion, a PE ratio of 37.34 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. Clean Harbors has a 52 week low of $132.92 and a 52 week high of $261.81. The business’s fifty day simple moving average is $244.63 and its 200-day simple moving average is $226.53.

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

Insider Activity

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

Institutional Investors Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Innealta Capital LLC acquired a new position in Clean Harbors in the second quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after buying an additional 56 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after buying an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Clean Harbors in the 2nd quarter valued at $56,000. Finally, CENTRAL TRUST Co grew its position in shares of Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after buying an additional 160 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.