Clean Harbors (NYSE:CLH) Price Target Lowered to $220.00 at The Goldman Sachs Group

Clean Harbors (NYSE:CLH) had its target price lowered by The Goldman Sachs Group from $250.00 to $220.00 in a research note issued to investors on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the business services provider’s stock.

A number of other equities analysts have also commented on CLH. Stifel Nicolaus dropped their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. TD Cowen started coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. BMO Capital Markets reduced their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Oppenheimer lowered their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and a consensus price target of $266.56.

Clean Harbors Trading Up 0.9 %

Shares of CLH opened at $196.72 on Wednesday. The firm has a market cap of $10.59 billion, a P/E ratio of 26.51 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors has a 1 year low of $186.54 and a 1 year high of $267.11. The company has a 50 day simple moving average of $221.86 and a two-hundred day simple moving average of $237.29.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. Clean Harbors’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $1.82 earnings per share. On average, equities analysts expect that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at $7,619,123.52. The trade was a 6.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eric J. Dugas purchased 1,050 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 3,341 shares of company stock valued at $663,041 in the last quarter. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda bought a new position in shares of Clean Harbors during the fourth quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ boosted its position in 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 valued at $38,000 after acquiring an additional 159 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 103 shares during the period. Assetmark Inc. lifted its stake in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after purchasing an additional 205 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in Clean Harbors during the third quarter valued at about $56,000. 90.43% of the stock is currently owned by institutional investors.

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.