Truist Financial Cuts Clean Harbors (NYSE:CLH) Price Target to $250.00

Clean Harbors (NYSE:CLH - Free Report) had its target price cut by Truist Financial from $270.00 to $250.00 in a research note published on Tuesday, MarketBeat.com reports. They currently have a buy rating on the business services provider's stock.

CLH has been the topic of a number of other research reports. UBS Group cut their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group lowered their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. BMO Capital Markets cut their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Clean Harbors from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $258.40.

Clean Harbors Stock Down 0.7 %

NYSE CLH traded down $1.42 on Tuesday, hitting $210.58. The stock had a trading volume of 70,466 shares, compared to its average volume of 478,895. The business's fifty day moving average price is $201.53 and its 200 day moving average price is $229.15. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 28.38 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors has a 52-week low of $178.29 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results 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. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. Equities research analysts anticipate that Clean Harbors will post 7.89 earnings per share for the current year.

Insider Buying and Selling

In other Clean Harbors news, CFO Eric J. Dugas bought 1,050 shares of the company's stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the transaction, the chief financial officer now directly 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pictet Asset Management Holding SA raised its position in shares of Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after purchasing an additional 697,630 shares during the last quarter. Norges Bank acquired a new position in shares of Clean Harbors during the fourth quarter valued at approximately $136,974,000. Wellington Management Group LLP lifted its position in shares of Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock valued at $930,707,000 after acquiring an additional 592,341 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Clean Harbors in the fourth quarter worth approximately $57,956,000. Finally, First Trust Advisors LP increased its position in shares of Clean Harbors by 46.7% during the fourth quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider's stock worth $85,138,000 after purchasing an additional 117,718 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.