Oppenheimer Lowers Clean Harbors (NYSE:CLH) Price Target to $254.00

Clean Harbors (NYSE:CLH) had its price target reduced by Oppenheimer from $256.00 to $254.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Other analysts also recently issued research reports about the stock. TD Cowen started coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a report on Thursday. Truist Financial decreased their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday. BMO Capital Markets decreased their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Robert W. Baird reduced their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors has an average rating of “Buy” and a consensus price target of $270.56.

Clean Harbors Stock Up 2.6 %

Shares of NYSE:CLH opened at $217.77 on Thursday. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 29.35 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors has a 12-month low of $180.24 and a 12-month high of $267.11. The business’s 50 day moving average is $233.16 and its 200 day moving average is $242.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $1.82 earnings per share. On average, sell-side analysts forecast that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,785 shares of company stock worth $444,558 over the last quarter. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Large investors have recently modified their holdings of the company. Reliant Investment Management LLC bought a new stake in Clean Harbors during the fourth quarter valued at approximately $4,386,000. Fiduciary Alliance LLC bought a new stake in Clean Harbors during the fourth quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC lifted its position in Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after purchasing an additional 4,240 shares during the last quarter. Barclays PLC lifted its position in Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after purchasing an additional 8,639 shares during the last quarter. Finally, Advisor Resource Council bought a new stake in Clean Harbors during the third quarter valued at approximately $926,000. 90.43% of the stock is currently owned by institutional investors.

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.