Clean Harbors (NYSE:CLH) Price Target Lowered to $250.00 at Truist Financial

Clean Harbors (NYSE:CLH) had its price target lowered by equities researchers at Truist Financial from $270.00 to $250.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price suggests a potential upside of 19.23% from the company’s previous close.

A number of other research analysts also recently commented on CLH. Oppenheimer reduced their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus lowered their price objective 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and an average price target of $258.40.

Clean Harbors Stock Up 2.6 %

NYSE CLH traded up $5.28 during trading hours on Tuesday, hitting $209.68. The company had a trading volume of 234,580 shares, compared to its average volume of 345,611. Clean Harbors has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The firm’s 50 day moving average is $202.73 and its 200 day moving average is $229.67. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 28.26 and a beta of 1.11.

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

Insider Buying and Selling

In other news, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Institutional investors have recently modified their holdings of the stock. Advisor Resource Council acquired a new stake in Clean Harbors during the first quarter valued at $3,051,000. Blue Trust Inc. lifted its stake in Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 56 shares during the last quarter. State of Alaska Department of Revenue grew its position in Clean Harbors by 0.3% in the first quarter. State of Alaska Department of Revenue now owns 53,972 shares of the business services provider’s stock worth $10,637,000 after acquiring an additional 155 shares in the last quarter. Mountain Pacific Investment Advisers LLC raised its holdings in shares of Clean Harbors by 8.0% during the 1st quarter. Mountain Pacific Investment Advisers LLC now owns 106,983 shares of the business services provider’s stock valued at $21,086,000 after purchasing an additional 7,944 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Clean Harbors by 18.6% in the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider’s stock worth $1,638,000 after purchasing an additional 1,301 shares in the last quarter. Institutional investors and hedge funds 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.