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

Clean Harbors (NYSE:CLH) had its price target hoisted by Oppenheimer from $255.00 to $256.00 in a report published on Monday,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

CLH has been the topic of a number of other reports. 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 research report on Thursday, October 31st. TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Needham & Company LLC decreased their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note 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’s stock. According to MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and a consensus price target of $269.44.

Clean Harbors Price Performance

CLH stock opened at $229.71 on Monday. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 29.91 and a beta of 1.24. The firm’s 50-day moving average price is $243.84 and its two-hundred day moving average price is $240.84. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors has a 12-month low of $162.36 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for 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%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 EPS. As a group, equities analysts predict that Clean Harbors will post 7.21 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48. Following the transaction, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares of the company’s stock, 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 sold a total of 8,138 shares of company stock valued at $2,039,175 in the last quarter. 5.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLH. Clearbridge Investments LLC grew its holdings in shares of Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after acquiring an additional 248,240 shares during the period. FMR LLC raised its holdings in Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 shares during the period. Wellington Management Group LLP lifted its position in Clean Harbors by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after purchasing an additional 100,394 shares in the last quarter. Marshall Wace LLP grew its holdings in Clean Harbors by 20.3% during the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after purchasing an additional 90,756 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in Clean Harbors in the third quarter worth about $17,258,000. Hedge funds and other institutional investors 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.