Clean Harbors (NYSE:CLH) Given New $268.00 Price Target at Needham & Company LLC

Clean Harbors (NYSE:CLH) had its target price lowered by Needham & Company LLC from $274.00 to $268.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

CLH has been the topic of several other reports. Robert W. Baird decreased their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday. The Goldman Sachs Group raised their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Oppenheimer raised their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Truist Financial increased their target price on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. One equities 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 data from MarketBeat, the company has an average rating of “Buy” and an average target price of $254.33.

Clean Harbors Stock Performance

NYSE:CLH opened at $231.31 on Thursday. Clean Harbors has a 12-month low of $132.92 and a 12-month high of $267.11. 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 has a market capitalization of $12.48 billion, a PE ratio of 30.12 and a beta of 1.20. The firm has a 50-day moving average price of $246.84 and a 200 day moving average price of $228.98.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the company earned $1.68 EPS. Research analysts anticipate that Clean Harbors will post 7.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Clean Harbors 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 directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now owns 13,150 shares in the company, valued at $3,428,731. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock worth $2,613,132 over the last ninety days. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Resource Council bought a new position in shares of Clean Harbors in the 3rd quarter valued at about $926,000. MinichMacGregor Wealth Management LLC grew its position in shares of Clean Harbors by 1.9% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 34,935 shares of the business services provider’s stock valued at $8,444,000 after acquiring an additional 655 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Clean Harbors by 2.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 42,955 shares of the business services provider’s stock valued at $10,383,000 after acquiring an additional 974 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Clean Harbors by 19.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,812 shares of the business services provider’s stock valued at $680,000 after acquiring an additional 454 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Clean Harbors by 11.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,003 shares of the business services provider’s stock valued at $1,693,000 after acquiring an additional 728 shares during the period. Institutional investors own 90.43% of the company’s stock.

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.