Clean Harbors (NYSE:CLH) Given New $338.00 Price Target at Barclays

Clean Harbors (NYSE:CLH – Get Free Report) had its price target boosted by analysts at Barclays from $335.00 to $338.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s target price indicates a potential upside of 9.50% from the company’s previous close.

CLH has been the subject of a number of other reports. Weiss Ratings upgraded shares of Clean Harbors from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday. Truist Financial set a $365.00 target price on Clean Harbors in a research note on Thursday. Wells Fargo & Company increased their price objective on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Bank of America set a $377.00 price target on Clean Harbors and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, UBS Group upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and increased their price target for the company from $325.00 to $375.00 in a research report on Wednesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and an average target price of $365.21.

Read Our Latest Stock Analysis on Clean Harbors

Clean Harbors Stock Performance

CLH stock traded down $0.65 during trading hours on Friday, reaching $308.68. The stock had a trading volume of 5,075 shares, compared to its average volume of 488,919. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.95 and a quick ratio of 1.80. The stock has a 50-day simple moving average of $316.33 and a 200 day simple moving average of $297.48. The stock has a market capitalization of $16.30 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 1.82 and a beta of 0.87. Clean Harbors has a fifty-two week low of $201.34 and a fifty-two week high of $335.94.

Clean Harbors (NYSE:CLH – Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The business services provider reported $3.93 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.67. Clean Harbors had a net margin of 8.05% and a return on equity of 18.27%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period last year, the firm earned $2.21 earnings per share. Clean Harbors’s revenue for the quarter was up 20.7% compared to the same quarter last year. Analysts predict that Clean Harbors will post 9.94 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In related news, CEO Eric Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the sale, the chief executive officer owned 56,793 shares of the company’s stock, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Clean Harbors

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Clean Harbors during the 2nd quarter worth $1,516,521,000. Jupiter Topco LLC acquired a new stake in shares of Clean Harbors during the second quarter valued at about $477,570,000. Bessemer Group Inc. raised its position in Clean Harbors by 1.8% in the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock valued at $267,239,000 after purchasing an additional 16,747 shares during the period. First Trust Advisors LP boosted its position in shares of Clean Harbors by 10.0% during the first quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock worth $223,202,000 after buying an additional 70,447 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Clean Harbors during the second quarter worth about $142,801,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Company Profile

(Get Free Report)

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.

Further Reading

Analyst Recommendations for Clean Harbors (NYSE:CLH)

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