Truist Financial Increases Clean Harbors (NYSE:CLH) Price Target to $280.00

Clean Harbors (NYSE:CLH) had its price objective raised by investment analysts at Truist Financial from $260.00 to $280.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price points to a potential upside of 19.55% from the stock’s previous close.

A number of other equities analysts have also issued reports on CLH. The Goldman Sachs Group raised their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Oppenheimer boosted their target price on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors has a consensus rating of “Buy” and an average price target of $254.33.

Clean Harbors Stock Down 0.4 %

Shares of Clean Harbors stock traded down $0.94 on Thursday, reaching $234.21. The stock had a trading volume of 375,640 shares, compared to its average volume of 292,232. The stock has a market capitalization of $12.63 billion, a P/E ratio of 33.91 and a beta of 1.20. Clean Harbors has a 1 year low of $132.92 and a 1 year high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average price of $246.84 and a 200 day moving average price of $228.98.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 earnings per share. As a group, equities research analysts forecast that Clean Harbors will post 7.65 EPS for the current year.

Insider Buying and Selling

In other news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now owns 13,458 shares in the company, valued at $3,284,963.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 309 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,617 shares of company stock valued at $2,613,132 over the last ninety days. 5.90% of the stock is owned by company insiders.

Institutional Trading of Clean Harbors

Several institutional investors and hedge funds have recently modified their holdings of the business. Innealta Capital LLC acquired a new stake in shares of Clean Harbors in the second quarter valued at about $25,000. UMB Bank n.a. boosted its position in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Clean Harbors during the 2nd quarter valued at about $56,000. CENTRAL TRUST Co boosted its position in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 160 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 173 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

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.