Clean Harbors (NYSE:CLH) Given New $290.00 Price Target at Stifel Nicolaus

Clean Harbors (NYSE:CLH) had its price target increased by analysts at Stifel Nicolaus from $270.00 to $290.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 16.20% from the company’s previous close.

A number of other brokerages have also issued reports on CLH. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC reduced their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Truist Financial raised their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. TD Cowen started coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price for the company. Finally, Oppenheimer raised their target price on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $271.00.

Clean Harbors Stock Performance

Shares of CLH opened at $249.56 on Wednesday. Clean Harbors has a 12 month low of $161.39 and a 12 month high of $267.11. The stock has a fifty day moving average price of $252.08 and a 200-day moving average price of $238.62. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The firm has a market cap of $13.45 billion, a PE ratio of 32.29 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts predict that Clean Harbors will post 7.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 309 shares of the business’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 sale, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The trade was a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. This represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,447 shares of company stock worth $4,576,829. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Several large investors have recently bought and sold shares of the business. Swedbank AB grew its holdings in shares of Clean Harbors by 83.3% during the second quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after purchasing an additional 50,000 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Clean Harbors by 17.1% during the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after buying an additional 18,058 shares during the period. Bridges Investment Management Inc. acquired a new stake in shares of Clean Harbors during the second quarter worth about $729,000. Advisor Resource Council acquired a new stake in shares of Clean Harbors during the third quarter worth about $926,000. Finally, Anthracite Investment Company Inc. acquired a new stake in shares of Clean Harbors during the third quarter worth about $1,692,000. 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.