Clean Harbors (NYSE:CLH) Price Target Raised to $240.00

Clean Harbors (NYSE:CLH - Get Free Report) had its target price raised by equities researchers at Truist Financial from $210.00 to $240.00 in a report released on Friday, Benzinga reports. The firm currently has a "buy" rating on the business services provider's stock. Truist Financial's target price suggests a potential upside of 15.75% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Oppenheimer raised their price target on Clean Harbors from $178.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. BMO Capital Markets raised their price target on Clean Harbors from $225.00 to $230.00 and gave the company an "outperform" rating in a research report on Thursday. Needham & Company LLC restated a "buy" rating and set a $235.00 price target on shares of Clean Harbors in a research report on Thursday. Robert W. Baird raised their price objective on Clean Harbors from $235.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Raymond James boosted their target price on Clean Harbors from $225.00 to $235.00 and gave the company a "strong-buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Clean Harbors currently has an average rating of "Buy" and an average target price of $216.40.

Clean Harbors Stock Performance

Shares of CLH stock traded up $1.80 during trading on Friday, hitting $207.35. The company's stock had a trading volume of 330,567 shares, compared to its average volume of 327,967. The business has a fifty day moving average of $193.42 and a 200-day moving average of $176.87. Clean Harbors has a 52 week low of $132.92 and a 52 week high of $210.26. The company has a market cap of $11.33 billion, a PE ratio of 30.31 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 1.66 and a debt-to-equity ratio of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.13. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.36 earnings per share. As a group, research analysts anticipate that Clean Harbors will post 7.4 earnings per share for the current year.

Insider Activity at Clean Harbors

In related news, Director John T. Preston sold 1,913 shares of the business's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the transaction, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the transaction, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Preston sold 1,913 shares of the company's stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The disclosure for this sale can be found here. Insiders have sold a total of 25,185 shares of company stock worth $4,819,554 in the last 90 days. Company insiders own 5.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Clean Harbors by 2.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider's stock valued at $503,000 after buying an additional 71 shares during the period. Bank of New York Mellon Corp grew its position in shares of Clean Harbors by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 456,888 shares of the business services provider's stock valued at $76,465,000 after purchasing an additional 4,229 shares in the last quarter. Monument Capital Management lifted its holdings in shares of Clean Harbors by 13.2% in the 3rd quarter. Monument Capital Management now owns 10,692 shares of the business services provider's stock valued at $1,789,000 after acquiring an additional 1,246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Clean Harbors by 8.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,020 shares of the business services provider's stock valued at $2,179,000 after acquiring an additional 1,054 shares during the last quarter. Finally, Strs Ohio lifted its stake in Clean Harbors by 5.7% in the third quarter. Strs Ohio now owns 194,413 shares of the business services provider's stock worth $32,536,000 after purchasing an additional 10,527 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

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.