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

Clean Harbors (NYSE:CLH) had its price objective trimmed by Robert W. Baird from $285.00 to $272.00 in a report published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

CLH has been the subject of a number of other research reports. Truist Financial upped their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer upped 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, January 13th. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus upped their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, January 16th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $270.56.

Clean Harbors Stock Performance

CLH opened at $211.97 on Thursday. The firm has a market cap of $11.43 billion, a P/E ratio of 27.60 and a beta of 1.24. Clean Harbors has a 1-year low of $176.02 and a 1-year high of $267.11. The company has a 50 day simple moving average of $233.69 and a two-hundred day simple moving average of $242.09. 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 (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. Clean Harbors’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts forecast that Clean Harbors will post 7.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,785 shares of company stock worth $444,558 over the last 90 days. 5.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Clean Harbors

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kapitalo Investimentos Ltda purchased a new stake in shares of Clean Harbors in the fourth quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ raised its stake 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 acquiring an additional 159 shares during the period. Allworth Financial LP increased its stake in Clean Harbors by 130.4% in 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. increased its stake in Clean Harbors by 10,250.0% in 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 during the period. Finally, Prospera Private Wealth LLC purchased a new position in Clean Harbors in the 3rd quarter worth about $56,000. Hedge funds and other institutional investors 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.