Clean Harbors (NYSE:CLH – Get Free Report) had its price target lifted by stock analysts at Truist Financial from $200.00 to $210.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price indicates a potential upside of 15.84% from the stock’s previous close.
Other research analysts have also issued reports about the company. BMO Capital Markets upped their target price on Clean Harbors from $192.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus upped their target price on Clean Harbors from $180.00 to $206.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Needham & Company LLC upped their target price on Clean Harbors from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. Wells Fargo & Company started coverage on Clean Harbors in a research report on Friday, December 8th. They set an “overweight” rating and a $190.00 target price on the stock. Finally, Raymond James reduced their target price on Clean Harbors from $200.00 to $190.00 and set a “strong-buy” rating on the stock in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $193.50.
Read Our Latest Stock Analysis on CLH
Clean Harbors Stock Down 0.1 %
Shares of CLH traded down $0.21 during trading hours on Thursday, hitting $181.28. The company had a trading volume of 370,932 shares, compared to its average volume of 345,016. The company has a market capitalization of $9.92 billion, a PE ratio of 27.19 and a beta of 1.24. The company has a current ratio of 2.00, a quick ratio of 1.68 and a debt-to-equity ratio of 1.05. Clean Harbors has a one year low of $125.57 and a one year high of $189.06. The company’s fifty day moving average price is $173.67 and its two-hundred day moving average price is $168.07.
Clean Harbors (NYSE:CLH – Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. Clean Harbors had a return on equity of 17.55% and a net margin of 6.77%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.44 EPS. As a group, equities analysts forecast that Clean Harbors will post 6.84 earnings per share for the current fiscal year.
Insider Transactions at Clean Harbors
In other news, insider Alan S. Mckim sold 17,453 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $178.37, for a total value of $3,113,091.61. Following the transaction, the insider now owns 2,672,211 shares in the company, valued at $476,642,276.07. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.70% of the company’s stock.
Institutional Investors Weigh In On Clean Harbors
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millburn Ridgefield Corp purchased a new position in shares of Clean Harbors during the third quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Clean Harbors during the third quarter worth $25,000. Contravisory Investment Management Inc. purchased a new position in shares of Clean Harbors during the fourth quarter worth $25,000. Hollencrest Capital Management purchased a new position in shares of Clean Harbors during the second quarter worth $28,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Clean Harbors by 76.0% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 264 shares of the business services provider’s stock worth $30,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 90.99% of the company’s stock.
Clean Harbors Company Profile
Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments: The Environmental Services and The 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.
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