Truist Financial Increases Clean Harbors (NYSE:CLH) Price Target to $365.00

Clean Harbors (NYSE:CLH) had its price objective boosted by analysts at Truist Financial from $350.00 to $365.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Truist Financial’s price objective suggests a potential upside of 17.01% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price objective on shares of Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Barclays upped their price target on Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Thursday. UBS Group raised their price target on Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Robert W. Baird lifted their price objective on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $350.00 price objective on shares of Clean Harbors in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $344.93.

Clean Harbors Trading Down 4.4%

CLH stock traded down $14.41 during mid-day trading on Thursday, hitting $311.93. 142,887 shares of the company were exchanged, compared to its average volume of 516,327. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $16.49 billion, a P/E ratio of 42.20, a PEG ratio of 2.19 and a beta of 0.86. The business has a fifty day simple moving average of $294.41 and a 200-day simple moving average of $288.07. Clean Harbors has a 12-month low of $201.34 and a 12-month high of $335.94.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the business earned $2.36 earnings per share. On average, equities research analysts predict that Clean Harbors will post 8.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lauren States sold 789 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the sale, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This represents a 6.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Several institutional investors have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Clean Harbors during the fourth quarter worth $152,195,000. Durable Capital Partners LP purchased a new position in Clean Harbors in the third quarter valued at $133,217,000. Two Sigma Investments LP boosted its holdings in Clean Harbors by 148.3% in the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after purchasing an additional 229,666 shares during the period. Janus Henderson Group PLC grew its stake in Clean Harbors by 10.0% during the 4th 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 in the last quarter. Finally, Corient Private Wealth LLC grew its stake in Clean Harbors by 3,782.7% during the 4th quarter. Corient Private Wealth LLC now owns 194,718 shares of the business services provider’s stock worth $45,657,000 after purchasing an additional 189,703 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors News Summary

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Clean Harbors reported second-quarter earnings of $3.22 per share, up from $2.36 a year earlier and above analyst estimates ranging from $2.74 to $2.81. Revenue rose 11.9% year over year to approximately $1.74 billion, exceeding the roughly $1.64 billion consensus. Clean Harbors Announces Second-Quarter 2026 Financial Results
• Positive Sentiment: Management described the quarter as a record period, citing momentum across the Environmental Services and Safety-Kleen Sustainability Solutions segments. The results suggest resilient demand for the company’s waste-management, environmental, and industrial services. Clean Harbors 2026 Q2 Results Presentation
• Positive Sentiment: Analysts raised their forecasts and price targets following the earnings beat, indicating improved expectations for Clean Harbors’ future earnings. Separately, the company received a consensus analyst rating of “Moderate Buy.” Clean Harbors Analysts Boost Their Forecasts
• Neutral Sentiment: Bank of America began coverage of CLH, adding another institutional research view to the stock and potentially increasing investor attention. Bank of America Begins Coverage on Clean Harbors
• Negative Sentiment: Despite the strong results, valuation concerns remain. A GuruFocus analysis characterized the shares as overvalued based on its estimate of intrinsic value, which could limit further gains or increase sensitivity to weaker-than-expected results. Clean Harbors Valuation Analysis

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.