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

Clean Harbors (NYSE:CLH) had its price objective dropped by analysts at Stifel Nicolaus from $290.00 to $285.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 33.60% from the company’s previous close.

CLH has been the subject of a number of other reports. Needham & Company LLC reissued a “buy” rating and set a $268.00 price target on shares of Clean Harbors 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 for the company in a research note on Thursday. BMO Capital Markets decreased their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Oppenheimer reduced their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $270.56.

Clean Harbors Trading Down 2.9 %

Shares of NYSE:CLH traded down $6.48 during trading on Thursday, hitting $213.32. The company had a trading volume of 413,019 shares, compared to its average volume of 393,493. The stock has a market cap of $11.50 billion, a price-to-earnings ratio of 27.78 and a beta of 1.24. Clean Harbors has a one year low of $176.02 and a one year high of $267.11. The company has a fifty day simple moving average of $234.40 and a two-hundred day simple moving average of $242.30. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data 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 business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company earned $1.82 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Clean Harbors will post 7.21 earnings per share for the current year.

Insider Activity

In other news, EVP Brian P. Weber sold 861 shares of Clean Harbors 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 transaction, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now owns 12,226 shares in the company, valued at $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,785 shares of company stock worth $444,558. 5.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLH. Creative Planning grew its stake in Clean Harbors by 10.8% during the 3rd quarter. Creative Planning now owns 3,147 shares of the business services provider’s stock worth $761,000 after buying an additional 308 shares during the last quarter. Blue Trust Inc. grew its stake in Clean Harbors by 19.1% during the 3rd quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock worth $86,000 after buying an additional 61 shares during the last quarter. Raymond James & Associates grew its stake in Clean Harbors by 4.1% during the 3rd quarter. Raymond James & Associates now owns 92,034 shares of the business services provider’s stock worth $22,246,000 after buying an additional 3,584 shares during the last quarter. Signaturefd LLC grew its stake in Clean Harbors by 11.8% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after buying an additional 52 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Clean Harbors by 8.0% during the 3rd quarter. Private Advisor Group LLC now owns 1,502 shares of the business services provider’s stock worth $363,000 after buying an additional 111 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other 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.