Clean Harbors (NYSE:CLH) Price Target Lowered to $285.00 at Stifel Nicolaus

Clean Harbors (NYSE:CLH) had its price objective reduced by Stifel Nicolaus from $290.00 to $285.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other brokerages have also issued reports on CLH. Oppenheimer lowered their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday. Robert W. Baird lowered their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday. Truist Financial lowered their price target on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, TD Cowen assumed coverage on Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $270.56.

Clean Harbors Trading Down 3.6 %

Clean Harbors stock opened at $211.97 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The business’s 50-day simple moving average is $233.69 and its 200-day simple moving average is $242.09. The firm has a market capitalization of $11.43 billion, a PE ratio of 27.60 and a beta of 1.24. Clean Harbors has a 52 week low of $176.02 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Clean Harbors will post 7.21 earnings per share for the current year.

Insider Activity

In other news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. The trade was a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 59,346 shares in the company, 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. In the last ninety days, insiders have sold 1,785 shares of company stock worth $444,558. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Kapitalo Investimentos Ltda acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after acquiring an additional 159 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. lifted its holdings in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after buying an additional 205 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Clean Harbors during the 3rd quarter worth $56,000. 90.43% of the stock is 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.