Clean Harbors (NYSE:CLH) Price Target Cut to $255.00 by Analysts at Needham & Company LLC

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

Other analysts have also recently issued research reports about the company. Truist Financial decreased their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. UBS Group decreased their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Robert W. Baird boosted their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday. The Goldman Sachs Group reduced their target price 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. Finally, Oppenheimer decreased their price target on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.67.

Clean Harbors Price Performance

CLH stock traded up $4.99 during trading on Thursday, hitting $222.37. 358,108 shares of the stock traded hands, compared to its average volume of 348,453. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 29.97 and a beta of 1.19. Clean Harbors has a one year low of $178.29 and a one year high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a 50 day simple moving average of $201.32 and a 200 day simple moving average of $227.28.

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

Insider Buying and Selling

In related news, CFO Eric J. Dugas acquired 1,050 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after purchasing an additional 11,814 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Clean Harbors by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock valued at $930,707,000 after buying an additional 592,341 shares during the period. Select Equity Group L.P. increased its position in shares of Clean Harbors by 4.8% in the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock valued at $403,085,000 after buying an additional 80,436 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after buying an additional 697,630 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Clean Harbors by 0.8% during the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after acquiring an additional 13,167 shares in the last quarter. 90.43% of the stock is owned by 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.