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

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

A number of other brokerages have also recently issued reports on CLH. Needham & Company LLC reissued a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. BMO Capital Markets decreased their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday. Stifel Nicolaus boosted their target price 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. Finally, Oppenheimer boosted their target price 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. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and an average price target of $270.56.

Clean Harbors Stock Performance

Shares of NYSE:CLH opened at $211.97 on Thursday. The company’s 50 day simple moving average is $233.69 and its 200 day simple moving average is $242.09. The stock has a market capitalization of $11.43 billion, a price-to-earnings ratio of 27.60 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors has a 1 year low of $176.02 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. As a group, research analysts predict that Clean Harbors will post 7.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,785 shares of company stock valued at $444,558. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds have recently modified their holdings of CLH. Kapitalo Investimentos Ltda acquired a new position in shares of Clean Harbors during the fourth quarter worth $32,000. Skandinaviska Enskilda Banken AB publ lifted 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 lifted its holdings in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after buying an additional 103 shares during the period. Assetmark Inc. lifted its holdings in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after buying an additional 205 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in Clean Harbors in the third quarter valued at $56,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.