Clean Harbors (NYSE:CLH) Given New $220.00 Price Target at The Goldman Sachs Group

Clean Harbors (NYSE:CLH) had its price objective lowered by The Goldman Sachs Group from $250.00 to $220.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Other equities analysts have also recently issued reports about the stock. StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. TD Cowen started coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. Truist Financial dropped their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Robert W. Baird reduced their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Oppenheimer dropped their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. One equities research 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 has a consensus rating of “Buy” and an average target price of $266.56.

Clean Harbors Trading Down 0.7 %

Shares of NYSE:CLH opened at $196.43 on Wednesday. The company’s 50-day moving average price is $220.56 and its two-hundred day moving average price is $236.68. Clean Harbors has a one year low of $186.54 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The stock has a market capitalization of $10.58 billion, a PE ratio of 26.47 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 earnings per share. On average, equities analysts forecast that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Activity

In related news, CFO Eric J. Dugas acquired 1,050 shares of the company’s stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its holdings in shares of Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock worth $678,000 after buying an additional 39 shares in the last quarter. Icon Wealth Advisors LLC lifted its position in shares of Clean Harbors by 8.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 45 shares during the period. Traynor Capital Management Inc. raised its holdings in shares of Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 50 shares during the period. CIBC Asset Management Inc raised its stake in Clean Harbors by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after buying an additional 53 shares during the period. Finally, Williamson Legacy Group LLC lifted its holdings in shares of Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock worth $858,000 after purchasing an additional 53 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

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.