Clean Harbors (NYSE:CLH) Price Target Cut to $268.00 by Analysts at Needham & Company LLC

Clean Harbors (NYSE:CLH - Get Free Report) had its price objective lowered by Needham & Company LLC from $274.00 to $268.00 in a report released on Thursday, Benzinga reports. The firm currently has a "buy" rating on the business services provider's stock. Needham & Company LLC's target price would indicate a potential upside of 15.86% from the stock's previous close.

A number of other brokerages also recently weighed in on CLH. Robert W. Baird lowered their target price on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday. Stifel Nicolaus restated a "buy" rating and set a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. The Goldman Sachs Group upped their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a "neutral" rating in a report on Thursday, August 1st. Truist Financial boosted their target price on shares of Clean Harbors from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, July 11th. Finally, Oppenheimer boosted their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of "Buy" and a consensus target price of $254.33.

Clean Harbors Stock Down 1.6 %

CLH traded down $3.84 during trading on Thursday, reaching $231.31. The company had a trading volume of 700,191 shares, compared to its average volume of 293,770. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors has a 12 month low of $132.92 and a 12 month high of $267.11. The business's fifty day moving average price is $246.84 and its 200 day moving average price is $228.98. The company has a market cap of $12.48 billion, a P/E ratio of 33.47 and a beta of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last announced 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 business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. Equities analysts anticipate that Clean Harbors will post 7.65 EPS for the current year.

Insider Activity

In other news, Director Lauren States sold 309 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the transaction, the director now owns 13,458 shares of the company's stock, valued at $3,284,963.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction 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 approximately $18,955,400.64. This trade represents a 0.00 % 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 309 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now owns 13,458 shares of the company's stock, valued at approximately $3,284,963.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,617 shares of company stock valued at $2,613,132 over the last quarter. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CLH. Advisor Resource Council bought a new stake in shares of Clean Harbors in the 3rd quarter valued at $926,000. MinichMacGregor Wealth Management LLC increased its stake in shares of Clean Harbors by 1.9% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 34,935 shares of the business services provider's stock valued at $8,444,000 after acquiring an additional 655 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Clean Harbors by 2.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 42,955 shares of the business services provider's stock valued at $10,383,000 after acquiring an additional 974 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Clean Harbors by 19.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,812 shares of the business services provider's stock valued at $680,000 after acquiring an additional 454 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Clean Harbors by 11.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,003 shares of the business services provider's stock valued at $1,693,000 after acquiring an additional 728 shares in the last quarter. 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.