Clean Harbors (NYSE:CLH) PT Raised to $260.00

Clean Harbors (NYSE:CLH) had its price objective hoisted by equities research analysts at Truist Financial from $240.00 to $260.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price would indicate a potential upside of 14.48% from the stock’s previous close.

CLH has been the topic of several other reports. BMO Capital Markets raised their target price on shares of Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a report on Monday, April 22nd. Raymond James increased their target price on Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 2nd. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Finally, Robert W. Baird increased their price objective on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $218.40.

Clean Harbors Stock Performance

NYSE:CLH opened at $227.11 on Thursday. The stock has a 50 day simple moving average of $219.06 and a 200 day simple moving average of $196.41. The stock has a market cap of $12.25 billion, a P/E ratio of 32.87 and a beta of 1.21. Clean Harbors has a 1-year low of $132.92 and a 1-year high of $231.15. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm earned $1.36 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. Research analysts anticipate that Clean Harbors will post 7.47 earnings per share for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the sale, the chief financial officer now owns 21,482 shares of the company’s stock, valued at $4,484,152.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Eric J. Dugas sold 6,200 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the sale, the chief financial officer now owns 21,482 shares of the company’s stock, valued at approximately $4,484,152.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the transaction, the insider now directly owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The disclosure for this sale can be found here. Insiders sold a total of 57,348 shares of company stock valued at $12,320,113 in the last quarter. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Hedge funds have recently added to or reduced their stakes in the business. Moody National Bank Trust Division raised its stake in shares of Clean Harbors by 1.0% during the second quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock valued at $1,095,000 after acquiring an additional 47 shares during the last quarter. Quent Capital LLC raised its position in Clean Harbors by 6.9% during the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after purchasing an additional 47 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in Clean Harbors by 4.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock worth $259,000 after buying an additional 50 shares during the period. MJP Associates Inc. ADV increased its stake in shares of Clean Harbors by 1.1% in the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock valued at $1,071,000 after buying an additional 51 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Clean Harbors by 47.9% during the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after acquiring an additional 56 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

About Clean Harbors

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.