Clean Harbors (NYSE:CLH) Price Target Raised to $325.00

Clean Harbors (NYSE:CLH) had its price target boosted by Truist Financial from $310.00 to $325.00 in a research note released on Monday morning, Marketbeat reports. Truist Financial currently has a buy rating on the business services provider’s stock.

CLH has been the topic of several other reports. Wells Fargo & Company raised their price target on shares of Clean Harbors from $291.00 to $309.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 18th. Weiss Ratings lowered shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. The Goldman Sachs Group raised their price target on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $302.00 to $346.00 in a research report on Wednesday, April 8th. Finally, UBS Group raised their price target on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $314.00.

Clean Harbors Stock Performance

NYSE CLH opened at $304.01 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 41.76 and a beta of 0.94. The company’s fifty day moving average is $289.82 and its two-hundred day moving average is $256.15. Clean Harbors has a 52-week low of $201.34 and a 52-week high of $316.98.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.03. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $1.55 EPS. Equities research analysts forecast that Clean Harbors will post 8.25 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the sale, the chief executive officer directly owned 38,877 shares in the company, valued at approximately $11,390,961. The trade was a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 4,683 shares of Clean Harbors stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the sale, the executive vice president owned 48,728 shares in the company, valued at approximately $14,296,307.92. This trade represents a 8.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 13,597 shares of company stock worth $3,895,286 in the last 90 days. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Institutional investors have recently added to or reduced their stakes in the company. Quattro Advisors LLC bought a new position in Clean Harbors during the 4th quarter valued at about $26,000. Elyxium Wealth LLC bought a new position in Clean Harbors during the 4th quarter valued at about $26,000. Parkside Financial Bank & Trust lifted its holdings in Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. MidFirst Bank bought a new position in Clean Harbors during the 4th quarter valued at about $28,000. Finally, Root Financial Partners LLC bought a new position in Clean Harbors during the 3rd quarter valued at about $30,000. 90.43% of the stock is owned by institutional investors.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.