Citigroup Issues Positive Forecast for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH) had its target price increased by Citigroup from $378.00 to $379.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Citigroup‘s price target points to a potential upside of 27.65% from the company’s current price.

Other analysts also recently issued reports about the stock. Weiss Ratings raised shares of Clean Harbors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on shares of Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Robert W. Baird set a $375.00 target price on shares of Clean Harbors in a research note on Thursday. William Blair cut shares of Clean Harbors from an “outperform” rating to a “hold” rating in a report on Wednesday, October 21st. Finally, UBS Group raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and raised their price target for the company from $325.00 to $375.00 in a research report on Wednesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $365.29.

Clean Harbors Stock Down 1.7%

NYSE:CLH traded down $5.21 during trading hours on Monday, reaching $296.91. 275,753 shares of the company traded hands, compared to its average volume of 490,672. The company has a current ratio of 1.95, a quick ratio of 1.63 and a debt-to-equity ratio of 0.92. The business’s 50-day moving average price is $315.93 and its two-hundred day moving average price is $297.71. Clean Harbors has a 1 year low of $201.34 and a 1 year high of $335.94. The stock has a market capitalization of $15.66 billion, a P/E ratio of 29.86, a P/E/G ratio of 1.71 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 28th. The business services provider reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.67. Clean Harbors had a return on equity of 18.27% and a net margin of 8.05%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the company earned $2.21 earnings per share. The company’s revenue was up 20.7% on a year-over-year basis. Analysts predict that Clean Harbors will post 10.23 earnings per share for the current year.

Insider Activity

In other Clean Harbors news, Director Karyn Polito bought 125 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The stock was bought at an average cost of $314.83 per share, for a total transaction of $39,353.75. Following the completion of the transaction, the director owned 4,252 shares of the company’s stock, valued at $1,338,657.16. This represents a 3.03% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric Gerstenberg sold 2,500 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the sale, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at approximately $18,249,862.62. The trade was a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLH. Reyes Financial Architecture Inc. purchased a new position in Clean Harbors during the third quarter valued at approximately $31,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Clean Harbors in the second quarter worth $36,000. Elevation Wealth Partners LLC increased its stake in shares of Clean Harbors by 317.6% in the third quarter. Elevation Wealth Partners LLC now owns 142 shares of the business services provider’s stock worth $44,000 after purchasing an additional 108 shares in the last quarter. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Clean Harbors in the third quarter worth $53,000. Finally, Root Financial Partners LLC raised its position in shares of Clean Harbors by 99.2% during the 1st quarter. Root Financial Partners LLC now owns 241 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 120 shares during the period. Institutional investors own 90.43% of the company’s stock.

About Clean Harbors

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.