Clean Harbors (NYSE:CLH) Receives “Buy” Rating from Needham & Company LLC

Clean Harbors (NYSE:CLH)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports. They currently have a $268.00 price objective on the business services provider’s stock. Needham & Company LLC’s price target points to a potential upside of 21.15% from the company’s current price.

Several other brokerages have also commented on CLH. Stifel Nicolaus boosted their price target on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Truist Financial upped their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Finally, Robert W. Baird dropped their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and an average price target of $268.00.

Clean Harbors Stock Down 2.4 %

Shares of CLH stock opened at $221.21 on Thursday. Clean Harbors has a one year low of $176.02 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The stock has a fifty day moving average price of $234.40 and a 200 day moving average price of $242.30. The stock has a market cap of $11.92 billion, a P/E ratio of 28.80 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 earnings per share. 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 Clean Harbors stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the sale, the director now owns 11,918 shares in the company, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian P. Weber sold 861 shares of the 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 in the company, valued at $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,785 shares of company stock worth $444,558 over the last 90 days. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. Kapitalo Investimentos Ltda bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ increased its stake in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP raised its holdings in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares during the period. Assetmark Inc. boosted its position in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after purchasing an additional 205 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in shares of Clean Harbors in the 3rd quarter valued at $56,000. 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.