Clean Harbors (NYSE:CLH) Price Target Raised to $395.00

Clean Harbors (NYSE:CLH) had its price target lifted by TD Cowen from $390.00 to $395.00 in a research report sent to investors on Thursday,Benzinga reports. TD Cowen currently has a buy rating on the business services provider’s stock.

A number of other equities research analysts have also weighed in on CLH. Truist Financial set a $365.00 target price on Clean Harbors in a research note on Thursday. Oppenheimer raised their price target on Clean Harbors from $361.00 to $362.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. UBS Group raised Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $325.00 to $375.00 in a research note on Wednesday, October 21st. Finally, Citigroup boosted their price objective on Clean Harbors from $376.00 to $378.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors presently has an average rating of “Moderate Buy” and an average price target of $365.21.

Clean Harbors Stock Performance

Clean Harbors stock opened at $302.33 on Thursday. The company has a quick ratio of 1.80, a current ratio of 1.95 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $15.94 billion, a PE ratio of 30.35, a P/E/G ratio of 1.71 and a beta of 0.87. The firm has a fifty day simple moving average of $315.93 and a two-hundred day simple moving average of $297.71. Clean Harbors has a twelve month low of $201.34 and a twelve month high of $335.94.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 28th. The business services provider reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.67. Clean Harbors had a net margin of 8.05% and a return on equity of 18.27%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business posted $2.21 earnings per share. The company’s revenue was up 20.7% on a year-over-year basis. Research analysts expect that Clean Harbors will post 10.23 EPS for the current year.

Insider Transactions at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 2,500 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. The trade was a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director directly owned 8,979 shares of the company’s stock, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. grew its position in shares of Clean Harbors by 8.9% in the 1st quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock worth $123,000 after buying an additional 35 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Clean Harbors by 0.9% during the third quarter. Quadrant Capital Group LLC now owns 4,139 shares of the business services provider’s stock valued at $1,314,000 after acquiring an additional 35 shares in the last quarter. North Dakota State Investment Board raised its holdings in shares of Clean Harbors by 3.3% during the third quarter. North Dakota State Investment Board now owns 1,555 shares of the business services provider’s stock valued at $482,000 after acquiring an additional 49 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Clean Harbors by 2.6% in the first quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider’s stock worth $572,000 after acquiring an additional 50 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in Clean Harbors by 2.4% in the third quarter. Evergreen Capital Management LLC now owns 2,271 shares of the business services provider’s stock worth $705,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.