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

Clean Harbors (NYSE:CLH) had its price objective cut by research analysts at Oppenheimer from $256.00 to $254.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price would indicate a potential upside of 16.64% from the stock’s current price.

Several other brokerages have also issued reports on CLH. Truist Financial cut their price objective on 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 target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a report on Thursday. One research 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $270.56.

Clean Harbors Stock Up 2.6 %

CLH opened at $217.77 on Thursday. Clean Harbors has a 12 month low of $180.24 and a 12 month high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The stock has a market cap of $11.74 billion, a P/E ratio of 29.35 and a beta of 1.24. The stock’s 50 day moving average price is $233.16 and its 200 day moving average price is $242.03.

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 analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion during 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%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $1.82 EPS. As a group, research analysts predict that Clean Harbors will post 8.08 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the sale, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. The trade was a 2.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares in the company, 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. In the last 90 days, insiders sold 1,785 shares of company stock worth $444,558. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently modified their holdings of the company. Putney Financial Group LLC bought a new position in Clean Harbors in the 4th quarter valued at about $511,000. Toronto Dominion Bank acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $3,295,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Clean Harbors by 0.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 395,276 shares of the business services provider’s stock worth $90,969,000 after acquiring an additional 3,284 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $543,000. Finally, Williams Jones Wealth Management LLC. boosted its position in Clean Harbors by 148.0% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 50,459 shares of the business services provider’s stock valued at $11,613,000 after buying an additional 30,111 shares in the last quarter. 90.43% of the stock is 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.