Clean Harbors (NYSE:CLH) Price Target Cut to $205.00 by Analysts at UBS Group

Clean Harbors (NYSE:CLH - Free Report) had its target price decreased by UBS Group from $240.00 to $205.00 in a research note issued to investors on Friday,Benzinga reports. UBS Group currently has a neutral rating on the business services provider's stock.

CLH has been the subject of several other research reports. Stifel Nicolaus dropped their price target on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. StockNews.com lowered Clean Harbors from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. Truist Financial reduced their price target on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Oppenheimer lowered their target price on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, The Goldman Sachs Group decreased their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $260.40.

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Clean Harbors Price Performance

Shares of Clean Harbors stock traded up $3.57 during trading on Friday, hitting $205.99. 654,301 shares of the company were exchanged, compared to its average volume of 341,684. The firm has a 50 day moving average price of $205.55 and a 200 day moving average price of $230.96. The stock has a market capitalization of $11.09 billion, a price-to-earnings ratio of 27.76 and a beta of 1.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors has a fifty-two week low of $178.29 and a fifty-two week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business earned $1.82 earnings per share. The business's revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, the director now owns 11,918 shares of the company's stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric J. Dugas acquired 1,050 shares of the business's stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 3,341 shares of company stock valued at $663,041 in the last 90 days. 5.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds have recently added to or reduced their stakes in CLH. Kapitalo Investimentos Ltda bought a new position in shares of Clean Harbors in the fourth quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP increased its stake in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after purchasing an additional 103 shares during the period. Assetmark Inc. lifted its holdings in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after purchasing an additional 205 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in Clean Harbors in the 4th quarter valued at $56,000. 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.