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

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

CLH has been the topic of a number of other reports. Needham & Company LLC reissued a buy rating and issued a $235.00 price objective on shares of Clean Harbors in a research report on Thursday, May 2nd. BMO Capital Markets increased their price objective 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. Robert W. Baird increased their price objective 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. Raymond James increased their price objective 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. 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 issued a strong buy rating to the stock. According to MarketBeat, Clean Harbors currently has an average rating of Buy and a consensus price target of $216.40.

Clean Harbors Price Performance

Shares of CLH opened at $212.52 on Friday. Clean Harbors has a fifty-two week low of $132.92 and a fifty-two week high of $215.34. The firm’s 50 day moving average price is $194.45 and its 200 day moving average price is $177.77. The company has a market cap of $11.46 billion, a P/E ratio of 30.76 and a beta of 1.24. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20.

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

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares in the company, valued at approximately $12,646,773.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares in the company, valued at approximately $12,646,773.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the sale, the executive vice president now owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,385 shares of company stock worth $6,113,742. Corporate insiders own 5.90% of the company’s stock.

Institutional Trading of Clean Harbors

Several hedge funds have recently made changes to their positions in CLH. Settian Capital LP increased its holdings in shares of Clean Harbors by 12.5% in the 1st quarter. Settian Capital LP now owns 9,000 shares of the business services provider’s stock valued at $1,812,000 after purchasing an additional 1,000 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Clean Harbors by 985.6% in the 1st quarter. SG Americas Securities LLC now owns 41,186 shares of the business services provider’s stock valued at $8,291,000 after purchasing an additional 37,392 shares in the last quarter. Sciencast Management LP purchased a new position in shares of Clean Harbors in the 1st quarter valued at about $238,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Clean Harbors by 6.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,599 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 149 shares in the last quarter. Finally, MGB Wealth Management LLC increased its holdings in shares of Clean Harbors by 22.5% in the 1st quarter. MGB Wealth Management LLC now owns 4,090 shares of the business services provider’s stock valued at $823,000 after purchasing an additional 750 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Company Profile

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.