Analysts Set Clean Harbors, Inc. (NYSE:CLH) Target Price at $257.67

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $257.67.

A number of research firms have weighed in on CLH. Truist Financial lowered their price target on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird upped their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. The Goldman Sachs Group cut their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Needham & Company LLC reduced their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Oppenheimer lowered their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th.

Insider Transactions at Clean Harbors

In related news, Director John R. Welch sold 1,250 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total value of $285,637.50. Following the completion of the transaction, the director now directly owns 11,402 shares of the company's stock, valued at $2,605,471.02. This represents a 9.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eric J. Dugas bought 1,050 shares of the stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 5,833 shares of company stock worth $1,227,181 over the last ninety days. Company insiders own 5.60% of the company's stock.

Institutional Trading of Clean Harbors

Several hedge funds and other institutional investors have recently bought and sold shares of CLH. Hopwood Financial Services Inc. acquired a new stake in shares of Clean Harbors during the first quarter worth $30,000. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors in the 4th quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after buying an additional 159 shares during the period. Allworth Financial LP increased its stake in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after acquiring an additional 103 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after acquiring an additional 205 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded up $1.22 during trading on Friday, hitting $226.89. The stock had a trading volume of 219,211 shares, compared to its average volume of 350,333. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors has a 12 month low of $178.29 and a 12 month high of $267.11. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 30.58 and a beta of 1.19. The business's 50-day moving average is $212.71 and its 200 day moving average is $223.77.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company's revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 EPS. As a group, sell-side analysts anticipate that Clean Harbors will post 7.89 earnings per share for the current year.

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.