Clean Harbors (NYSE:CLH) Price Target Lowered to $270.00 at Truist Financial

Clean Harbors (NYSE:CLH) had its target price lowered by Truist Financial from $280.00 to $270.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

CLH has been the subject of a number of other reports. Oppenheimer increased their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Stifel Nicolaus increased their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. BMO Capital Markets cut their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, TD Cowen initiated coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price for the company. One 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 stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and an average price target of $270.56.

Clean Harbors Trading Down 3.6 %

Clean Harbors stock opened at $211.97 on Thursday. The firm has a 50-day moving average of $233.69 and a 200-day moving average of $242.09. Clean Harbors has a one year low of $176.02 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The company has a market cap of $11.43 billion, a price-to-earnings ratio of 27.60 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business posted $1.82 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Clean Harbors will post 7.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the sale, the director now directly owns 12,534 shares in the company, valued at $3,071,582.04. This trade represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,785 shares of company stock worth $444,558 over the last three months. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Hedge funds have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors during the fourth quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares during the period. Allworth Financial LP increased its holdings in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares during the period. Assetmark Inc. increased its holdings in shares of Clean Harbors by 10,250.0% during the fourth 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 period. Finally, Prospera Private Wealth LLC bought a new position in shares of Clean Harbors during the third quarter worth approximately $56,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.