Analysts Set Clean Harbors, Inc. (NYSE:CLH) Target Price at $271.00

Clean Harbors, Inc. (NYSE:CLH) has been given an average rating of “Buy” by the nine ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $271.00.

A number of equities analysts recently commented on the company. Truist Financial lifted their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Oppenheimer increased their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Stifel Nicolaus lifted their target price on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Needham & Company LLC cut their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. 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.

Insider Activity at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value 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 $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Speights sold 610 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, the insider now owns 39,160 shares of the company’s stock, valued at $9,403,882.40. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,446 shares of company stock valued at $2,119,483. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its holdings in Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after buying an additional 83 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Clean Harbors in the second quarter worth $56,000. Prospera Private Wealth LLC purchased a new position in shares of Clean Harbors in the third quarter valued at $56,000. CENTRAL TRUST Co raised its stake in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 160 shares during the period. Finally, TD Private Client Wealth LLC lifted its holdings in Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of CLH opened at $231.77 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The stock has a market cap of $12.49 billion, a PE ratio of 30.18 and a beta of 1.22. Clean Harbors has a 12-month low of $161.39 and a 12-month high of $267.11. The business has a 50-day simple moving average of $245.42 and a two-hundred day simple moving average of $240.56.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.68 earnings per share. Analysts anticipate that Clean Harbors will post 7.21 earnings per share for the current fiscal year.

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.