Truist Financial Cuts Clean Harbors (NYSE:CLH) Price Target to $270.00

Clean Harbors (NYSE:CLH - Get Free Report) had its price objective dropped by equities researchers at Truist Financial from $280.00 to $270.00 in a 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 target would suggest a potential upside of 23.98% from the company's previous close.

CLH has been the topic of a number of other research reports. TD Cowen initiated coverage on Clean Harbors in a report on Friday, December 6th. They issued a "buy" rating and a $325.00 target price on the stock. Oppenheimer lifted their price objective on Clean Harbors from $255.00 to $256.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday. Finally, Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $270.56.

Clean Harbors Trading Up 2.6 %

CLH traded up $5.59 during midday trading on Thursday, hitting $217.77. The company's stock had a trading volume of 1,006,327 shares, compared to its average volume of 428,280. The firm has a market cap of $11.74 billion, a P/E ratio of 29.35 and a beta of 1.24. Clean Harbors has a 52-week low of $180.24 and a 52-week high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The firm has a 50-day moving average price of $233.16 and a two-hundred day moving average price of $242.03.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. Clean Harbors's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share. On average, research analysts anticipate that Clean Harbors will post 8.08 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren States sold 308 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,785 shares of company stock valued at $444,558. Corporate insiders own 5.90% of the company's stock.

Institutional Trading of Clean Harbors

Hedge funds have recently made changes to their positions in the stock. Putney Financial Group LLC bought a new position in Clean Harbors during the 4th quarter valued at $511,000. Toronto Dominion Bank acquired a new stake in shares of Clean Harbors in the 4th quarter valued at about $3,295,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Clean Harbors by 0.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 395,276 shares of the business services provider's stock worth $90,969,000 after purchasing an additional 3,284 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Clean Harbors in the fourth quarter worth about $543,000. Finally, Williams Jones Wealth Management LLC. grew its stake in Clean Harbors by 148.0% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 50,459 shares of the business services provider's stock worth $11,613,000 after purchasing an additional 30,111 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.