Clean Harbors (NYSE:CLH) Price Target Lowered to $272.00 at Robert W. Baird

Clean Harbors (NYSE:CLH) had its price target cut by equities research analysts at Robert W. Baird from $285.00 to $272.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price target suggests a potential upside of 22.96% from the company’s current price.

Several other analysts have also recently issued reports on the stock. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Truist Financial boosted their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Oppenheimer increased their price target on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Stifel Nicolaus boosted their price objective on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $268.00.

Clean Harbors Trading Down 2.4 %

CLH stock opened at $221.21 on Thursday. Clean Harbors has a 12-month low of $176.02 and a 12-month high of $267.11. The business’s 50-day moving average is $234.40 and its 200 day moving average is $242.30. 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 stock has a market cap of $11.92 billion, a price-to-earnings ratio of 28.80 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that Clean Harbors will post 7.21 EPS for the current fiscal year.

Insider Activity

In other news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 1,785 shares of company stock valued at $444,558 in the last quarter. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Hedge funds have recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors during the fourth quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ grew 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 valued at $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP increased its stake in Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after buying an additional 103 shares during the period. Assetmark Inc. lifted its holdings in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after buying an additional 205 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Clean Harbors in the 3rd quarter valued at approximately $56,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.