Truist Financial Has Lowered Expectations for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH - Free Report) had its price objective reduced by Truist Financial from $270.00 to $250.00 in a research report report published on Tuesday, MarketBeat reports. They currently have a buy rating on the business services provider's stock.

A number of other equities research analysts also recently issued reports on CLH. UBS Group cut their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. StockNews.com cut Clean Harbors from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. Oppenheimer lowered their price objective on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Robert W. Baird reduced their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Stifel Nicolaus lowered their price target on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.40.

Clean Harbors Stock Performance

Shares of CLH stock traded up $0.25 on Tuesday, reaching $212.25. The stock had a trading volume of 307,414 shares, compared to its average volume of 346,679. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors has a 1 year low of $178.29 and a 1 year high of $267.11. The stock has a market cap of $11.50 billion, a P/E ratio of 28.61 and a beta of 1.11. The company has a 50 day simple moving average of $201.24 and a 200 day simple moving average of $228.70.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results 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. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company posted $1.82 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts expect that Clean Harbors will post 7.89 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company's stock, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Eric J. Dugas bought 1,050 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

Large investors have recently added to or reduced their stakes in the stock. KBC Group NV lifted its stake in shares of Clean Harbors by 3.6% in the 1st quarter. KBC Group NV now owns 2,061 shares of the business services provider's stock valued at $406,000 after purchasing an additional 72 shares during the last quarter. Border to Coast Pensions Partnership Ltd raised its holdings in Clean Harbors by 275.0% during the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 75,000 shares of the business services provider's stock valued at $14,782,000 after buying an additional 55,000 shares during the period. Quaero Capital S.A. lifted its position in Clean Harbors by 7.2% in the first quarter. Quaero Capital S.A. now owns 4,000 shares of the business services provider's stock worth $788,000 after buying an additional 270 shares during the last quarter. Perpetual Ltd boosted its stake in Clean Harbors by 28.7% during the first quarter. Perpetual Ltd now owns 60,714 shares of the business services provider's stock worth $11,967,000 after buying an additional 13,536 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Clean Harbors by 401.4% during the first quarter. Golden State Wealth Management LLC now owns 351 shares of the business services provider's stock valued at $69,000 after acquiring an additional 281 shares during the last quarter. 90.43% of the stock is 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.