Clean Harbors (NYSE:CLH) Price Target Raised to $280.00

Clean Harbors (NYSE:CLH) had its price objective lifted by Truist Financial from $260.00 to $280.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group boosted their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Robert W. Baird lowered their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday. Needham & Company LLC decreased their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Oppenheimer upped their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and a consensus price target of $254.33.

Clean Harbors Stock Performance

Shares of CLH stock opened at $233.00 on Thursday. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 30.34 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors has a 52 week low of $146.66 and a 52 week high of $267.11. The firm’s 50-day simple moving average is $246.34 and its two-hundred day simple moving average is $229.26.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm earned $1.68 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Clean Harbors will post 7.64 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 309 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Lauren States sold 309 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,617 shares of company stock valued at $2,613,132 in the last quarter. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Privium Fund Management B.V. boosted its holdings in shares of Clean Harbors by 15.0% in the 3rd quarter. Privium Fund Management B.V. now owns 1,300 shares of the business services provider’s stock worth $314,000 after purchasing an additional 170 shares in the last quarter. Advisor Resource Council bought a new stake in shares of Clean Harbors in the 3rd quarter valued at about $926,000. MinichMacGregor Wealth Management LLC lifted its stake in shares of Clean Harbors by 1.9% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 34,935 shares of the business services provider’s stock valued at $8,444,000 after acquiring an additional 655 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Clean Harbors by 2.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 42,955 shares of the business services provider’s stock valued at $10,383,000 after acquiring an additional 974 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of Clean Harbors by 19.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,812 shares of the business services provider’s stock valued at $680,000 after acquiring an additional 454 shares during the last quarter. 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.