Oppenheimer Increases Clean Harbors (NYSE:CLH) Price Target to $270.00

Clean Harbors (NYSE:CLH - Free Report) had its price objective lifted by Oppenheimer from $252.00 to $270.00 in a report released on Monday morning, Benzinga reports. They currently have an outperform rating on the business services provider's stock.

Several other equities research analysts also recently issued reports on CLH. Truist Financial boosted their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, July 11th. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Needham & Company LLC lifted their target price on Clean Harbors from $235.00 to $274.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Stifel Nicolaus restated a "buy" rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Finally, Robert W. Baird increased their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $250.89.

Clean Harbors Stock Performance

NYSE:CLH traded up $0.99 during trading hours on Monday, reaching $257.95. 104,339 shares of the company's stock were exchanged, compared to its average volume of 288,346. Clean Harbors has a 1-year low of $132.92 and a 1-year high of $261.81. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $13.91 billion, a price-to-earnings ratio of 37.33 and a beta of 1.20. The company has a 50-day moving average of $244.09 and a 200 day moving average of $226.09.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $0.25. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business's revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 EPS. Research analysts anticipate that Clean Harbors will post 7.65 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 308 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the transaction, the director now owns 13,150 shares in the company, valued at $3,428,731. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Michael Louis Battles sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the sale, the director now owns 13,150 shares of the company's stock, valued at approximately $3,428,731. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock worth $2,613,132 over the last 90 days. Insiders own 5.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Clearbridge Investments LLC boosted its position in Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider's stock valued at $239,361,000 after buying an additional 248,240 shares during the last quarter. Lazard Freres Gestion S.A.S. acquired a new stake in shares of Clean Harbors in the 2nd quarter worth $42,968,000. DAVENPORT & Co LLC grew its position in Clean Harbors by 93.1% in the first quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider's stock worth $53,124,000 after acquiring an additional 127,498 shares during the period. Marshall Wace LLP lifted its holdings in shares of Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider's stock worth $121,505,000 after acquiring an additional 90,756 shares during the last quarter. Finally, Spirepoint Private Client LLC acquired a new position in Clean Harbors in the 1st quarter valued at about $16,594,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

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.