Oppenheimer Has Lowered Expectations for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH) had its target price cut by equities researchers at Oppenheimer from $256.00 to $254.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price objective points to a potential upside of 18.91% from the stock’s current price.

CLH has been the subject of a number of other reports. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday. Finally, Robert W. Baird cut their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $271.11.

Clean Harbors Stock Performance

Shares of NYSE:CLH traded down $6.20 during trading on Thursday, hitting $213.60. The company’s stock had a trading volume of 362,397 shares, compared to its average volume of 392,251. The company has a 50-day moving average of $234.40 and a 200-day moving average of $242.30. Clean Harbors has a 12 month low of $176.02 and a 12 month high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 27.82 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted $1.82 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Clean Harbors will post 7.21 earnings per share for the current year.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the sale, the director now owns 12,226 shares of the company’s stock, valued at $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction dated Wednesday, November 27th. The stock was 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 of the company’s stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,785 shares of company stock worth $444,558. Insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda acquired a new position in shares of Clean Harbors during the 4th quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ increased its position in shares of Clean Harbors by 2,650.0% during the 4th 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 last quarter. Allworth Financial LP increased its position 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 worth $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. boosted its holdings in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 205 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in Clean Harbors during the 3rd quarter valued at about $56,000. 90.43% of the stock is 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.