Analysts Set Clean Harbors, Inc. (NYSE:CLH) Target Price at $266.56

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $260.40.

Several analysts recently issued reports on CLH shares. Stifel Nicolaus cut their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Truist Financial dropped their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Oppenheimer lowered their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, Robert W. Baird decreased their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th.

Insider Activity

In other news, insider Robert Speights sold 2,725 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the transaction, the director now owns 12,226 shares in the company, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,341 shares of company stock worth $663,041. Insiders own 5.90% of the company's stock.

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Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda bought a new position in shares of Clean Harbors in the 4th quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Clean Harbors by 2,650.0% during the 4th 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 holdings in shares of 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. grew its position in shares of 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, Physician Wealth Advisors Inc. acquired a new stake in shares of Clean Harbors during the fourth quarter worth $56,000. Institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Up 1.7 %

CLH traded up $3.53 on Friday, reaching $205.95. The company's stock had a trading volume of 380,752 shares, compared to its average volume of 340,629. The business's 50 day moving average is $205.55 and its 200 day moving average is $230.96. Clean Harbors has a 1 year low of $178.29 and a 1 year high of $267.11. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 27.76 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly 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 return on equity of 16.33% and a net margin of 6.83%. The business 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 company posted $1.82 EPS. The business's revenue was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Clean Harbors will post 7.89 EPS for the current fiscal year.

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.