Clean Harbors (NYSE:CLH) Price Target Raised to $325.00 at Truist Financial

Clean Harbors (NYSE:CLH) had its target price raised by research analysts at Truist Financial from $310.00 to $325.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Truist Financial’s price objective indicates a potential upside of 8.35% from the stock’s current price.

CLH has been the subject of several other reports. Barclays raised their target price on shares of Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. UBS Group raised their target price on shares of Clean Harbors from $240.00 to $300.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. The Goldman Sachs Group raised their target price on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Wells Fargo & Company raised their target price on shares of Clean Harbors from $291.00 to $309.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. Finally, BMO Capital Markets raised their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $314.00.

Clean Harbors Trading Down 0.2%

Shares of NYSE:CLH opened at $299.96 on Monday. Clean Harbors has a 52-week low of $201.34 and a 52-week high of $316.98. The company has a market capitalization of $15.99 billion, a P/E ratio of 41.20 and a beta of 0.94. The company has a 50-day simple moving average of $287.78 and a 200 day simple moving average of $254.74. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business posted $1.55 EPS. Clean Harbors’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts forecast that Clean Harbors will post 7.89 earnings per share for the current year.

Insider Activity

In other Clean Harbors news, EVP Brian P. Weber sold 4,683 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the completion of the sale, the executive vice president directly owned 48,728 shares in the company, valued at $14,296,307.92. This trade represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Sharon M. Gabriel sold 3,540 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $282.07, for a total transaction of $998,527.80. Following the sale, the executive vice president owned 23,193 shares of the company’s stock, valued at $6,542,049.51. This trade represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 13,597 shares of company stock valued at $3,895,286. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds have recently bought and sold shares of CLH. Janus Henderson Group PLC increased its holdings in shares of Clean Harbors by 10.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after purchasing an additional 215,659 shares during the period. State Street Corp increased its holdings in shares of Clean Harbors by 0.8% during the third quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after purchasing an additional 12,452 shares during the period. Snyder Capital Management L P increased its holdings in shares of Clean Harbors by 7.9% during the third quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider’s stock worth $266,706,000 after purchasing an additional 83,638 shares during the period. Bessemer Group Inc. increased its holdings in shares of Clean Harbors by 8.6% during the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock worth $254,908,000 after purchasing an additional 87,322 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after purchasing an additional 569,388 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.