Clean Harbors (NYSE:CLH) Given New $270.00 Price Target at BMO Capital Markets

Clean Harbors (NYSE:CLH) had its target price cut by BMO Capital Markets from $284.00 to $270.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

CLH has been the topic of a number of other reports. Oppenheimer boosted their target price on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price target on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC restated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday. Finally, TD Cowen initiated coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. One 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. According to MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and an average target price of $270.56.

Clean Harbors Stock Down 3.6 %

CLH opened at $211.97 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 27.60 and a beta of 1.24. Clean Harbors has a twelve month low of $176.02 and a twelve month high of $267.11. The company’s 50-day moving average price is $233.69 and its two-hundred day moving average price is $242.09.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. As a group, equities analysts expect that Clean Harbors will post 7.21 earnings per share for the current year.

Insiders Place Their Bets

In other Clean Harbors 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 represents a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. 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. 5.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Clean Harbors

Institutional investors and hedge funds have recently bought and sold shares of the company. Reliant Investment Management LLC purchased a new stake in Clean Harbors in the 4th quarter worth approximately $4,386,000. Fiduciary Alliance LLC bought a new position in shares of Clean Harbors in the 4th quarter worth $846,000. Mountain Pacific Investment Advisers LLC increased its holdings in shares of Clean Harbors by 4.5% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after buying an additional 4,240 shares during the last quarter. Barclays PLC increased its holdings in shares of Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after buying an additional 8,639 shares during the last quarter. Finally, Advisor Resource Council bought a new position in shares of Clean Harbors in the 3rd quarter worth $926,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

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.