Needham & Company LLC Lowers Clean Harbors (NYSE:CLH) Price Target to $255.00

Clean Harbors (NYSE:CLH - Free Report) had its target price decreased by Needham & Company LLC from $268.00 to $255.00 in a research report report published on Thursday,Benzinga reports. Needham & Company LLC currently has a buy rating on the business services provider's stock.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded Clean Harbors from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Oppenheimer decreased their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets cut their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Robert W. Baird increased their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group dropped their price target on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $257.67.

Clean Harbors Stock Performance

Shares of Clean Harbors stock traded down $1.44 on Thursday, reaching $221.35. 106,670 shares of the company were exchanged, compared to its average volume of 347,193. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 29.80 and a beta of 1.19. Clean Harbors has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The company's 50-day moving average is $201.51 and its two-hundred day moving average is $226.83.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, research analysts expect that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now directly owns 11,918 shares of the company's stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric J. Dugas purchased 1,050 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CLH. Oak Thistle LLC acquired a new stake in shares of Clean Harbors during the first quarter valued at approximately $294,000. KLP Kapitalforvaltning AS lifted its holdings in shares of Clean Harbors by 3.5% in the first quarter. KLP Kapitalforvaltning AS now owns 14,900 shares of the business services provider's stock valued at $2,937,000 after purchasing an additional 500 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Clean Harbors in the first quarter worth $5,078,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Clean Harbors in the first quarter worth $1,412,000. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Clean Harbors by 54.1% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 23,349 shares of the business services provider's stock valued at $4,603,000 after buying an additional 8,197 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.