Clean Harbors' (CLH) "Buy" Rating Reaffirmed at Needham & Company LLC

Clean Harbors (NYSE:CLH - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $268.00 target price on the business services provider's stock. Needham & Company LLC's target price would indicate a potential upside of 23.07% from the company's current price.

Several other equities analysts have also recently weighed in on the stock. Truist Financial increased their price objective 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 increased their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. StockNews.com cut shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Oppenheimer increased their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. Finally, Robert W. Baird decreased their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $270.56.

Clean Harbors Stock Performance

CLH traded up $5.59 during midday trading on Thursday, hitting $217.77. 1,006,327 shares of the company traded hands, compared to its average volume of 428,280. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $11.74 billion, a PE ratio of 29.35 and a beta of 1.24. The company's 50-day moving average is $233.16 and its 200 day moving average is $242.03. Clean Harbors has a 52 week low of $180.24 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results 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 net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the business earned $1.82 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts expect that Clean Harbors will post 8.08 EPS for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, 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 transaction of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares of the company's stock, valued at $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares of the company's stock, valued at $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,785 shares of company stock valued at $444,558. 5.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CLH. Creative Planning boosted its stake in Clean Harbors by 10.8% during the third 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 period. Blue Trust Inc. lifted its position in shares of Clean Harbors by 19.1% during the third quarter. Blue Trust Inc. now owns 381 shares of the business services provider's stock worth $86,000 after purchasing an additional 61 shares during the last quarter. Raymond James & Associates lifted its position in shares of Clean Harbors by 4.1% during the third quarter. Raymond James & Associates now owns 92,034 shares of the business services provider's stock worth $22,246,000 after purchasing an additional 3,584 shares during the last quarter. Signaturefd LLC lifted its position in shares of Clean Harbors by 11.8% during the third quarter. Signaturefd LLC now owns 491 shares of the business services provider's stock worth $119,000 after purchasing an additional 52 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Clean Harbors by 8.0% during the third quarter. Private Advisor Group LLC now owns 1,502 shares of the business services provider's stock worth $363,000 after purchasing an additional 111 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.