Clean Harbors (NYSE:CLH) Price Target Cut to $285.00 by Analysts at Stifel Nicolaus

Clean Harbors (NYSE:CLH - Get Free Report) had its price objective lowered by equities research analysts at Stifel Nicolaus from $290.00 to $285.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. Stifel Nicolaus' price target suggests a potential upside of 30.87% from the stock's previous close.

Other research analysts also recently issued reports about the stock. Oppenheimer cut their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday. BMO Capital Markets cut their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday. Robert W. Baird cut 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 report on Thursday. Needham & Company LLC restated a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday. Finally, StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Clean Harbors has an average rating of "Buy" and a consensus price target of $270.56.

Clean Harbors Price Performance

NYSE:CLH traded up $5.59 during mid-day trading on Thursday, reaching $217.77. 1,006,327 shares of the company were exchanged, compared to its average volume of 428,280. Clean Harbors has a 12 month low of $180.24 and a 12 month high of $267.11. The company has a fifty day moving average of $233.16 and a 200 day moving average of $242.03. 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 stock has a market cap of $11.74 billion, a PE ratio of 29.35 and a beta of 1.24.

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 the consensus estimate of $1.43 billion. During the same period in the prior year, the company posted $1.82 EPS. The company's revenue was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that Clean Harbors will post 8.08 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now directly owns 12,226 shares of the company's stock, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock worth $444,558 in the last ninety days. Company insiders own 5.90% of the company's stock.

Institutional Trading of Clean Harbors

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Clean Harbors by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock worth $1,072,237,000 after purchasing an additional 11,814 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Clean Harbors by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after acquiring an additional 592,341 shares in the last quarter. Select Equity Group L.P. grew its stake in shares of Clean Harbors by 4.8% during the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after acquiring an additional 80,436 shares in the last quarter. FMR LLC grew its stake in shares of Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock worth $422,319,000 after acquiring an additional 187,140 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after acquiring an additional 697,630 shares in the last quarter. 90.43% of the stock is 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.