Clean Harbors (NYSE:CLH) Stock Price Expected to Rise, UBS Group Analyst Says

Clean Harbors (NYSE:CLH) had its target price boosted by equities research analysts at UBS Group from $240.00 to $300.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target would suggest a potential upside of 3.53% from the company’s previous close.

Several other equities research analysts have also commented on CLH. Truist Financial raised their price target on shares of Clean Harbors from $250.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. The Goldman Sachs Group raised their target price on Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $320.00 target price on shares of Clean Harbors in a research note on Monday, February 23rd. TD Cowen reissued a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. Finally, CJS Securities raised Clean Harbors to a “strong-buy” rating in a report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $297.64.

Clean Harbors Stock Up 0.1%

Shares of CLH traded up $0.24 during midday trading on Thursday, hitting $289.77. The company had a trading volume of 323,754 shares, compared to its average volume of 510,667. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 39.80 and a beta of 0.93. The company’s 50 day moving average price is $268.38 and its 200 day moving average price is $244.28. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. Clean Harbors has a 52 week low of $178.29 and a 52 week high of $298.12.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $1.55 earnings per share. On average, equities research analysts predict that Clean Harbors will post 7.89 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In related news, EVP Sharon M. Gabriel sold 3,540 shares of Clean Harbors stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $282.07, for a total value of $998,527.80. Following the transaction, the executive vice president owned 23,193 shares of the company’s stock, valued at approximately $6,542,049.51. This trade represents a 13.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $281.31, for a total value of $784,292.28. Following the sale, the chief financial officer owned 15,933 shares in the company, valued at approximately $4,482,112.23. The trade was a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,679 shares of company stock valued at $2,132,403. 5.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds have recently bought and sold shares of CLH. Janus Henderson Group PLC lifted its stake in Clean Harbors by 10.0% in the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after acquiring an additional 215,659 shares during the last quarter. State Street Corp lifted its stake in shares of Clean Harbors by 0.8% in the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock valued at $351,958,000 after purchasing an additional 12,452 shares during the last quarter. Snyder Capital Management L P boosted its holdings in Clean Harbors by 7.9% in 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 in the last quarter. Bessemer Group Inc. increased its position in 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 buying an additional 87,322 shares during the last quarter. Finally, Nordea Investment Management AB raised its holdings in 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 valued at $246,725,000 after buying an additional 569,388 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.