Clean Harbors (NYSE:CLH) Price Target Lowered to $270.00 at BMO Capital Markets

Clean Harbors (NYSE:CLH - Free Report) had its price target trimmed by BMO Capital Markets from $284.00 to $270.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has an outperform rating on the business services provider's stock.

CLH has been the subject of a number of other research reports. Truist Financial upped their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price objective 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. Oppenheimer upped their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $268.00 price objective on shares of Clean Harbors in a research note on Thursday. Finally, Robert W. Baird dropped their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research note on Thursday. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of "Buy" and an average price target of $270.56.

Clean Harbors Trading Up 2.6 %

NYSE:CLH traded up $5.59 on Thursday, reaching $217.77. The stock had a trading volume of 1,006,327 shares, compared to its average volume of 428,280. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 29.35 and a beta of 1.24. 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 firm's fifty day moving average is $233.16 and its two-hundred day moving average is $242.03. Clean Harbors has a 12-month low of $180.24 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its 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. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm earned $1.82 EPS. The firm's quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts expect that Clean Harbors will post 8.08 EPS for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the company'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 owns 59,346 shares in the company, valued at $15,507,703.26. This represents a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the company'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 value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,785 shares of company stock valued at $444,558. 5.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Reliant Investment Management LLC purchased a new position in shares of Clean Harbors during the 4th quarter valued at approximately $4,386,000. Fiduciary Alliance LLC purchased a new position in shares of Clean Harbors during the 4th quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC boosted its stake in shares of Clean Harbors by 4.5% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock valued at $22,793,000 after buying an additional 4,240 shares during the last quarter. Barclays PLC boosted its stake in shares of Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock valued at $6,781,000 after buying an additional 8,639 shares during the last quarter. Finally, Advisor Resource Council purchased a new position in shares of Clean Harbors during the 3rd quarter valued at approximately $926,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

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.