Clean Harbors (NYSE:CLH) Price Target Cut to $254.00 by Analysts at Oppenheimer

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 morning,Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

A number of other research firms also recently weighed in on CLH. Needham & Company LLC restated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday. Robert W. Baird decreased 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 decreased 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. TD Cowen assumed coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $270.56.

Clean Harbors Trading Down 3.6 %

Shares of CLH stock opened at $211.97 on Thursday. The business’s 50 day moving average is $233.69 and its two-hundred day moving average is $242.09. Clean Harbors has a twelve month low of $176.02 and a twelve month high of $267.11. The company has a market capitalization of $11.43 billion, a P/E ratio of 27.60 and a beta of 1.24. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last posted its quarterly 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. 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 the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts forecast that Clean Harbors will post 7.21 EPS for the current year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction 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. This trade 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 valued at $444,558 over the last three months. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Several institutional investors have recently added to or reduced their stakes in CLH. Kapitalo Investimentos Ltda acquired a new position in Clean Harbors in the fourth quarter valued at $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 during the last quarter. Allworth Financial LP increased its stake in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. increased its stake in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 205 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Clean Harbors in the third quarter valued at $56,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.