Clean Harbors (NYSE:CLH) Given “Buy” Rating at Needham & Company LLC

Clean Harbors (NYSE:CLH)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $268.00 price objective on the business services provider’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 13.12% from the stock’s current price.

CLH has been the subject of a number of other research reports. Truist Financial boosted their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Oppenheimer increased their target price on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday. Stifel Nicolaus lifted their price target 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. TD Cowen began coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. Finally, Robert W. Baird cut their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $269.44.

Clean Harbors Trading Up 0.9 %

Shares of CLH stock opened at $236.91 on Thursday. The firm’s 50-day simple moving average is $243.69 and its 200-day simple moving average is $240.90. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors has a 1-year low of $162.36 and a 1-year high of $267.11. The firm has a market cap of $12.77 billion, a P/E ratio of 30.85 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last announced its quarterly 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 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 firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 EPS. As a group, equities analysts forecast that Clean Harbors will post 7.21 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $249.78, for a total transaction of $76,932.24. Following the transaction, the director now owns 12,842 shares of the company’s stock, valued at approximately $3,207,674.76. This trade represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Speights sold 610 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,138 shares of company stock valued at $2,039,175 in the last three months. Corporate insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock worth $678,000 after purchasing an additional 39 shares during the last quarter. Icon Wealth Advisors LLC boosted its holdings in shares of Clean Harbors by 8.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after buying an additional 45 shares during the period. Signaturefd LLC grew its position in shares of Clean Harbors by 11.8% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after buying an additional 52 shares during the last quarter. CIBC Asset Management Inc raised its stake in Clean Harbors by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after acquiring an additional 53 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Clean Harbors by 10.1% in the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock worth $142,000 after acquiring an additional 57 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

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.