Robert W. Baird Issues Pessimistic Forecast for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH) had its target price cut by research analysts at Robert W. Baird from $285.00 to $272.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective points to a potential upside of 22.96% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Oppenheimer boosted their price target on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Truist Financial lifted their target price 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. Stifel Nicolaus upped their price target on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price target for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. One investment 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’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $268.00.

Clean Harbors Trading Down 2.4 %

NYSE:CLH opened at $221.21 on Thursday. The firm has a 50 day moving average of $234.40 and a 200 day moving average of $242.30. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors has a 52 week low of $176.02 and a 52 week high of $267.11. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 28.80 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 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 during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business posted $1.82 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Clean Harbors will post 7.21 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, 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 of the company’s stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock worth $444,558 over the last quarter. 5.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA grew its position in shares of Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock valued at $381,602,000 after acquiring an additional 697,630 shares during the period. Norges Bank acquired a new stake in Clean Harbors in the fourth quarter valued at approximately $136,974,000. Wellington Management Group LLP grew its holdings in Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock valued at $930,707,000 after purchasing an additional 592,341 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $57,956,000. Finally, FMR LLC raised its stake in shares of Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after buying an additional 187,140 shares during the period. Hedge funds and other 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.