UBS Group Cuts Clean Harbors (NYSE:CLH) Price Target to $205.00

Clean Harbors (NYSE:CLH) had its price objective trimmed by UBS Group from $240.00 to $205.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a neutral rating on the business services provider’s stock.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group decreased their price target on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Oppenheimer dropped their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus decreased their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Robert W. Baird decreased their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Truist Financial dropped their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus price target of $260.40.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $200.20 on Friday. The company has a market capitalization of $10.78 billion, a PE ratio of 26.98 and a beta of 1.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock’s fifty day simple moving average is $206.23 and its 200 day simple moving average is $231.29. Clean Harbors has a 12 month low of $178.29 and a 12 month high of $267.11.

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

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the acquisition, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. The trade was 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 worth $663,041 over the last 90 days. 5.90% of the stock is owned by company insiders.

Institutional Trading of Clean Harbors

Several hedge funds have recently modified their holdings of CLH. Reliant Investment Management LLC purchased a new stake in shares of Clean Harbors in the fourth quarter valued at $4,386,000. Fiduciary Alliance LLC bought a new position in shares of Clean Harbors during the fourth quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC raised its holdings in shares of Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after buying an additional 4,240 shares during the period. Barclays PLC grew its position in Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after acquiring an additional 8,639 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Clean Harbors by 17.8% during the fourth quarter. Versant Capital Management Inc now owns 384 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 58 shares during the period. 90.43% of the stock is owned by hedge funds and other 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.