Truist Financial Boosts Clean Harbors (NYSE:CLH) Price Target to $240.00

Clean Harbors (NYSE:CLH) had its price target lifted by Truist Financial from $210.00 to $240.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other equities analysts also recently weighed in on CLH. Oppenheimer increased their price target on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an outperform rating in a research note on Thursday, February 22nd. Stifel Nicolaus reissued a buy rating and issued a $220.00 price objective on shares of Clean Harbors in a research report on Monday, April 22nd. BMO Capital Markets raised their price target on shares of Clean Harbors from $225.00 to $230.00 and gave the company an outperform rating in a report on Thursday. Robert W. Baird raised their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the company an outperform rating in a report on Thursday. Finally, StockNews.com lowered shares of Clean Harbors from a strong-buy rating to a buy rating in a report on Thursday. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $216.40.

Clean Harbors Trading Up 0.9 %

Shares of CLH opened at $207.35 on Friday. Clean Harbors has a twelve month low of $132.92 and a twelve month high of $210.26. The firm has a market capitalization of $11.18 billion, a P/E ratio of 30.01 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 1.66 and a debt-to-equity ratio of 1.20. The firm’s 50-day moving average is $193.88 and its two-hundred day moving average is $177.29.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 earnings per share. On average, research analysts predict that Clean Harbors will post 7.46 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the transaction, the executive vice president now directly owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the sale, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now owns 62,803 shares in the company, valued at $12,502,193.21. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,185 shares of company stock worth $4,819,554. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Large investors have recently bought and sold shares of the stock. Millburn Ridgefield Corp acquired a new position in Clean Harbors during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new position in Clean Harbors during the 3rd quarter valued at about $25,000. Contravisory Investment Management Inc. acquired a new position in Clean Harbors during the 4th quarter valued at about $25,000. Rise Advisors LLC acquired a new position in Clean Harbors during the 1st quarter valued at about $27,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in Clean Harbors during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.