Truist Financial Raises Clean Harbors (NYSE:CLH) Price Target to $240.00

Clean Harbors (NYSE:CLH) had its price objective raised by Truist Financial from $210.00 to $240.00 in a report released on Friday, Benzinga reports. Truist Financial currently has a buy rating on the business services provider’s stock.

Other research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Clean Harbors from a strong-buy rating to a buy rating in a research report on Thursday, May 2nd. Raymond James raised their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the company a strong-buy rating in a research report on Thursday, May 2nd. Robert W. Baird raised their target price on shares of Clean Harbors from $235.00 to $240.00 and gave the company an outperform rating in a research report on Thursday, May 2nd. BMO Capital Markets raised their target price on shares of Clean Harbors from $225.00 to $230.00 and gave the company an outperform rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus reissued a buy rating and issued a $220.00 price objective on shares of Clean Harbors in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of $216.40.

Clean Harbors Trading Up 2.5 %

Shares of NYSE:CLH opened at $212.52 on Friday. Clean Harbors has a 12 month low of $132.92 and a 12 month high of $215.34. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. The company’s fifty day simple moving average is $194.45 and its 200 day simple moving average is $177.77. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 30.76 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the business posted $1.36 earnings per share. As a group, research analysts forecast that Clean Harbors will post 7.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of Clean Harbors stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the sale, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,385 shares of company stock valued at $6,113,742. Company insiders own 5.90% 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. Cambridge Investment Research Advisors Inc. raised its stake in Clean Harbors by 2.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock worth $503,000 after purchasing an additional 71 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Clean Harbors by 0.9% in the 3rd 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 buying an additional 4,229 shares in the last quarter. Monument Capital Management raised its position 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 buying an additional 1,246 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 buying an additional 1,054 shares in the last quarter. Finally, Strs Ohio raised its position in shares of Clean Harbors by 5.7% in the 3rd quarter. Strs Ohio now owns 194,413 shares of the business services provider’s stock valued at $32,536,000 after buying an additional 10,527 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.