Clean Harbors (NYSE:CLH) Given New $270.00 Price Target at Oppenheimer

Clean Harbors (NYSE:CLH) had its price target upped by 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 target price would suggest a potential upside of 5.37% from the company’s previous close.

A number of other brokerages have also recently commented on CLH. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. The Goldman Sachs Group increased their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Truist Financial lifted their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird boosted their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $250.89.

Clean Harbors Stock Down 0.3 %

Shares of CLH traded down $0.72 during mid-day trading on Monday, hitting $256.24. 19,971 shares of the company traded hands, compared to its average volume of 287,930. The company has a market capitalization of $13.82 billion, a PE ratio of 37.03 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. The business has a 50 day moving average of $244.09 and a 200 day moving average of $225.89. Clean Harbors has a 1-year low of $132.92 and a 1-year high of $261.81.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) 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 business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business posted $2.13 EPS. Clean Harbors’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities research analysts anticipate that Clean Harbors will post 7.65 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was 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 $18,955,400.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 309 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,617 shares of company stock worth $2,613,132. Company insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors have recently bought and sold shares of CLH. Janus Henderson Group PLC boosted its stake in shares of Clean Harbors by 5.2% in the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after acquiring an additional 78,848 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after purchasing an additional 248,240 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Clean Harbors by 1.2% during the first quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock worth $204,019,000 after buying an additional 12,411 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Clean Harbors by 12.6% in the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock valued at $137,974,000 after buying an additional 63,800 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after buying an additional 90,756 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.