Clean Harbors (NYSE:CLH) Given New $308.00 Price Target at Needham & Company LLC

Clean Harbors (NYSE:CLH) had its price objective lifted by Needham & Company LLC from $290.00 to $308.00 in a report released on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the business services provider’s stock.

Other analysts have also issued reports about the stock. Raymond James Financial reduced their price objective on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 30th. The Goldman Sachs Group boosted their price target on shares of Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Zacks Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. UBS Group cut their target price on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Finally, CJS Securities raised Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.55.

Clean Harbors Stock Up 1.8%

Shares of Clean Harbors stock opened at $281.32 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.09. Clean Harbors has a 1-year low of $178.29 and a 1-year high of $286.45. The business’s fifty day moving average price is $254.57 and its two-hundred day moving average price is $239.85. The company has a market capitalization of $15.03 billion, a P/E ratio of 38.64 and a beta of 0.96.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share. As a group, research analysts forecast that Clean Harbors will post 7.89 EPS for the current year.

Insider Activity at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the completion of the sale, the chief executive officer directly owned 50,454 shares in the company, valued at approximately $12,154,368.60. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds have recently added to or reduced their stakes in the company. Candriam S.C.A. grew its holdings in shares of Clean Harbors by 36.4% during the third quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock worth $15,992,000 after buying an additional 18,367 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Clean Harbors by 715.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,262 shares of the business services provider’s stock worth $1,686,000 after acquiring an additional 6,371 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of Clean Harbors by 127.2% in the second quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock valued at $3,515,000 after purchasing an additional 8,514 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Clean Harbors by 8.6% in the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after purchasing an additional 87,322 shares during the last quarter. Finally, UniSuper Management Pty Ltd boosted its holdings in Clean Harbors by 14.0% during the third quarter. UniSuper Management Pty Ltd now owns 51,663 shares of the business services provider’s stock worth $11,997,000 after purchasing an additional 6,338 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

More Clean Harbors News

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Q4 results beat and record revenue — Clean Harbors reported Q4 EPS of $1.62 (vs. $1.59 est.) and revenue of $1.50B (vs. $1.46B), with management citing stronger profitability in key segments; investors viewed the print as confirmation of growth execution. Earnings Press Release
• Positive Sentiment: Shares hit a new 52?week high on the earnings momentum—media coverage links the beat directly to the stock move. Article: Reaches New 52?Week High After Earnings Beat
• Positive Sentiment: Strategic bolt?on purchase expands services — Clean Harbors agreed to buy Depot Connect International’s Industrial and Rail Services business for ~ $130M, adding service lines and cross?sell opportunities that support revenue growth. PR Newswire: Depot Connect Sale
• Positive Sentiment: Analysts raised targets/forecasts after Q4 — Multiple firms (Needham, Wells Fargo and others) lifted price targets and forecasts, signaling improved sentiment among sell?side analysts. Benzinga: Analysts Raise Forecasts
• Neutral Sentiment: Management to host investor events — Clean Harbors will present at the Raymond James conference on March 3, offering more visibility but not immediate financial impact. Yahoo Finance: Raymond James Presentation
• Neutral Sentiment: Earnings call tone mixed — Call highlighted record cash and strategic investments (fleet, remediation/PFAS), but management described a cautious near?term outlook; useful context for investors but not a firm directional signal. TipRanks: Call Highlights
• Negative Sentiment: Zacks trimmed multi?quarter and FY2027 EPS estimates — Zacks reduced several upcoming quarter forecasts and cut FY2027 from $9.12 to $7.89, indicating some analyst caution on medium?term margin/volume assumptions; this can limit upside if revisions continue.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.