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

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

A number of other brokerages have also commented on CLH. Needham & Company LLC reiterated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, January 16th. Truist Financial increased their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their price target 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. TD Cowen assumed coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price for the company. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $270.56.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $217.77 on Thursday. Clean Harbors has a 1-year low of $180.24 and a 1-year high of $267.11. The firm has a fifty day simple moving average of $233.16 and a 200-day simple moving average of $242.11. 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 stock has a market capitalization of $11.73 billion, a price-to-earnings ratio of 29.35 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 earnings per share. On average, sell-side analysts expect that Clean Harbors will post 7.89 earnings per share for the current year.

Insider Transactions at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the 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 in the company, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock worth $444,558 in the last three months. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new position in Clean Harbors during the fourth quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares during the period. Allworth Financial LP lifted its holdings in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. grew its position in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 205 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in Clean Harbors during the 3rd quarter worth approximately $56,000. 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.