Clean Harbors (NYSE:CLH) Price Target Increased to $240.00 by Analysts at Truist Financial

Clean Harbors (NYSE:CLH) had its price target hoisted by Truist Financial from $210.00 to $240.00 in a research report released on Friday, Benzinga reports. Truist Financial currently has a buy rating on the business services provider’s stock.

Several other equities analysts have also recently weighed in on CLH. StockNews.com cut shares of Clean Harbors from a strong-buy rating to a buy rating in a research note on Thursday. Oppenheimer raised their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the company an outperform rating in a research note on Thursday, February 22nd. Stifel Nicolaus reissued a buy rating and issued a $220.00 target price on shares of Clean Harbors in a research note on Monday, April 22nd. BMO Capital Markets raised their target price on shares of Clean Harbors from $225.00 to $230.00 and gave the company an outperform rating in a research note on Thursday. Finally, Raymond James raised their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the company a strong-buy rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $216.40.

Clean Harbors Price Performance

NYSE CLH opened at $207.35 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. Clean Harbors has a 12-month low of $132.92 and a 12-month high of $210.26. The company has a market capitalization of $11.18 billion, a PE ratio of 30.01 and a beta of 1.24. The firm’s 50 day moving average is $193.88 and its 200-day moving average is $177.29.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $1.36 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Clean Harbors will post 7.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock valued at $4,819,554 over the last ninety days. 5.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors have recently modified their holdings of the business. Nations Financial Group Inc. IA ADV boosted its position in shares of Clean Harbors by 4.0% in the first quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock valued at $259,000 after acquiring an additional 50 shares during the period. GAMMA Investing LLC raised its stake in Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Clean Harbors by 0.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,573 shares of the business services provider’s stock valued at $1,845,000 after purchasing an additional 58 shares in the last quarter. Steph & Co. raised its stake in Clean Harbors by 4.7% in the third quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 66 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Clean Harbors by 2.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock valued at $503,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 90.43% 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, 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.