Clean Harbors (NYSE:CLH) Given New $254.00 Price Target at Oppenheimer

Clean Harbors (NYSE:CLH - Get Free Report) had its target price reduced by investment analysts at Oppenheimer from $256.00 to $254.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Oppenheimer's target price suggests a potential upside of 16.64% from the company's previous close.

A number of other equities research analysts have also weighed in on the stock. Truist Financial cut their target price on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research note on Thursday. TD Cowen assumed coverage on Clean Harbors in a research report on Friday, December 6th. They set a "buy" rating and a $325.00 price objective on the stock. Robert W. Baird decreased their target price on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research report on Thursday. BMO Capital Markets dropped their price target on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, StockNews.com cut Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $270.56.

Clean Harbors Trading Up 2.6 %

NYSE CLH traded up $5.59 on Thursday, hitting $217.77. The company's stock had a trading volume of 1,006,327 shares, compared to its average volume of 428,280. The firm has a market cap of $11.74 billion, a P/E ratio of 29.35 and a beta of 1.24. Clean Harbors has a 52-week low of $180.24 and a 52-week high of $267.11. The company's 50-day simple moving average is $233.16 and its 200 day simple moving average is $242.03. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share. Research analysts predict that Clean Harbors will post 8.08 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now owns 59,346 shares of the company's stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the transaction, the director now directly owns 12,534 shares of the company's stock, valued at $3,071,582.04. The trade was a 2.40 % 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 valued at $444,558 over the last ninety days. Insiders own 5.90% of the company's stock.

Institutional Trading of Clean Harbors

Large investors have recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new stake in shares of Clean Harbors during the 4th quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after buying an additional 159 shares during the last quarter. Allworth Financial LP grew its position in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after buying an additional 103 shares during the period. Assetmark Inc. increased its holdings in Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Clean Harbors in the third quarter worth approximately $56,000. 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.