Clean Harbors (NYSE:CLH) Price Target Raised to $256.00

Clean Harbors (NYSE:CLH - Free Report) had its price objective upped by Oppenheimer from $255.00 to $256.00 in a report published on Monday,Benzinga reports. They currently have an outperform rating on the business services provider's stock.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC dropped their price target on Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. TD Cowen started coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a "buy" rating and a $325.00 price target on the stock. Robert W. Baird lowered their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $269.44.

Clean Harbors Price Performance

Shares of CLH stock remained flat at $229.71 during trading hours on Monday. The stock had a trading volume of 307,338 shares, compared to its average volume of 323,248. Clean Harbors has a one year low of $162.36 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 29.91 and a beta of 1.24. The firm's fifty day simple moving average is $243.84 and its 200 day simple moving average is $240.84.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate 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 net margin of 7.19% and a return on equity of 17.51%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 EPS. As a group, sell-side analysts forecast that Clean Harbors will post 7.21 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, insider Robert Speights sold 610 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. This trade represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48. Following the sale, the director now directly owns 12,534 shares in the company, valued at $3,071,582.04. This trade represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,446 shares of company stock worth $2,119,483 in the last three months. Insiders own 5.90% of the company's stock.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds and other institutional investors have recently bought and sold shares of CLH. Barclays PLC lifted its position in shares of Clean Harbors by 44.5% in the third 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. Driehaus Capital Management LLC lifted its holdings in Clean Harbors by 17.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider's stock valued at $28,000,000 after purchasing an additional 18,058 shares during the last quarter. Bridges Investment Management Inc. bought a new position in Clean Harbors during the second quarter worth $729,000. Advisor Resource Council acquired a new position in shares of Clean Harbors in the third quarter valued at $926,000. Finally, Anthracite Investment Company Inc. bought a new position in shares of Clean Harbors in the third quarter valued at about $1,692,000. 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.