Clean Harbors (NYSE:CLH) Given Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Clean Harbors (NYSE:CLH - Free Report) in a report published on Thursday,Benzinga reports. They currently have a $268.00 price target on the business services provider's stock.

Several other equities research analysts have also recently weighed in on CLH. StockNews.com cut shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Oppenheimer increased their price target on Clean Harbors from $255.00 to $256.00 and gave the stock an "outperform" rating in a report on Monday. TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They issued a "buy" rating and a $325.00 price objective on the stock. Stifel Nicolaus raised their target price on Clean Harbors from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Truist Financial boosted their price target on Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. One equities research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $269.44.

Clean Harbors Trading Up 1.0 %

NYSE:CLH traded up $2.47 during trading hours on Thursday, hitting $239.47. 417,086 shares of the company were exchanged, compared to its average volume of 333,649. The company has a fifty day simple moving average of $243.24 and a 200 day simple moving average of $240.87. Clean Harbors has a one year low of $162.62 and a one year high of $267.11. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 31.18 and a beta of 1.24. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH - Get Free Report) last posted 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). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. Clean Harbors's revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. Sell-side analysts expect that Clean Harbors will post 7.21 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of the company's 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 sale, the director now owns 12,226 shares in the company, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, the insider now owns 39,160 shares of the company's stock, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,446 shares of company stock worth $2,112,800 in the last ninety days. Corporate insiders own 5.90% of the company's stock.

Hedge Funds Weigh In On Clean Harbors

Large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its holdings in shares of Clean Harbors by 17.7% in the second quarter. Envestnet Asset Management Inc. now owns 89,554 shares of the business services provider's stock valued at $20,253,000 after purchasing an additional 13,458 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Clean Harbors in the 2nd quarter worth about $56,000. Mercer Global Advisors Inc. ADV increased its stake in Clean Harbors by 19.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,828 shares of the business services provider's stock valued at $1,996,000 after buying an additional 1,467 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Clean Harbors by 4.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,541 shares of the business services provider's stock worth $1,705,000 after buying an additional 343 shares in the last quarter. Finally, Waterloo Capital L.P. purchased a new position in shares of Clean Harbors in the 2nd quarter worth approximately $201,000. 90.43% of the stock is currently owned by 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.