Clean Harbors (NYSE:CLH) Price Target Raised to $274.00 at Needham & Company LLC

Clean Harbors (NYSE:CLH) had its price objective raised by research analysts at Needham & Company LLC from $235.00 to $274.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s price target would indicate a potential upside of 13.06% from the stock’s previous close.

Several other brokerages have also recently issued reports on CLH. Truist Financial raised their target price on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. BMO Capital Markets raised their price target on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Oppenheimer raised their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research report on Thursday. Raymond James raised their price target on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $242.40.

Clean Harbors Stock Performance

Shares of NYSE CLH traded up $3.62 during midday trading on Thursday, reaching $242.35. The company had a trading volume of 440,772 shares, compared to its average volume of 315,757. The business’s 50-day simple moving average is $223.24 and its 200 day simple moving average is $201.95. The stock has a market cap of $13.07 billion, a P/E ratio of 35.07 and a beta of 1.21. Clean Harbors has a 1 year low of $132.92 and a 1 year high of $246.17. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the company posted $2.13 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. On average, analysts forecast that Clean Harbors will post 7.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of Clean Harbors stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the transaction, the chief financial officer now directly owns 21,482 shares of the company’s stock, valued at $4,484,152.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Lauren States sold 1,148 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the sale, the director now directly owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric J. Dugas sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the completion of the sale, the chief financial officer now directly owns 21,482 shares in the company, valued at $4,484,152.68. The disclosure for this sale can be found here. Insiders have sold 57,348 shares of company stock valued at $12,320,113 over the last ninety days. Company insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Institutional investors and hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in shares of Clean Harbors in the 2nd quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in Clean Harbors during the 1st quarter worth approximately $27,000. National Bank of Canada FI acquired a new position in Clean Harbors during the 4th quarter worth approximately $34,000. GAMMA Investing LLC grew its holdings in Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after acquiring an additional 56 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in Clean Harbors by 52.4% during the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 75 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.