Clean Harbors (NYSE:CLH) Given New $256.00 Price Target at Oppenheimer

Clean Harbors (NYSE:CLH) had its price target raised by Oppenheimer from $255.00 to $256.00 in a report released on Monday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price points to a potential upside of 11.62% from the company’s current price.

CLH has been the topic of a number of other reports. Truist Financial increased their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird cut their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus raised 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 assumed coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. Finally, Needham & Company LLC decreased their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $269.44.

Clean Harbors Stock Performance

Shares of CLH traded down $0.36 during mid-day trading on Monday, hitting $229.35. The stock had a trading volume of 40,376 shares, compared to its average volume of 282,670. Clean Harbors has a fifty-two week low of $162.36 and a fifty-two week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The company has a market cap of $12.36 billion, a PE ratio of 29.86 and a beta of 1.24. The company’s fifty day simple moving average is $244.00 and its two-hundred day simple moving average is $240.83.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm earned $1.68 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts expect that Clean Harbors will post 7.21 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Lauren States sold 308 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the sale, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction on Wednesday, November 27th. The shares were 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 owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,446 shares of company stock worth $2,119,483 in the last ninety days. 5.90% of the stock is currently owned by corporate 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. Barclays PLC boosted its position in Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after acquiring an additional 8,639 shares during the period. Driehaus Capital Management LLC boosted its holdings in shares of Clean Harbors by 17.1% during the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after purchasing an additional 18,058 shares during the period. Bridges Investment Management Inc. purchased a new position in Clean Harbors during the second quarter valued at approximately $729,000. Advisor Resource Council acquired a new position in Clean Harbors in the 3rd quarter valued at approximately $926,000. Finally, Anthracite Investment Company Inc. purchased a new stake in Clean Harbors in the 3rd quarter worth approximately $1,692,000. Institutional investors and hedge funds 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.