The Goldman Sachs Group Has Lowered Expectations for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH - Free Report) had its price target cut by The Goldman Sachs Group from $250.00 to $220.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the business services provider's stock.

A number of other equities research analysts also recently issued reports on the stock. TD Cowen started coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a "buy" rating and a $325.00 price objective for the company. Needham & Company LLC reissued a "buy" rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Robert W. Baird cut their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Oppenheimer cut their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, Truist Financial cut their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. 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 company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $266.56.

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Clean Harbors Stock Performance

NYSE:CLH traded down $1.47 during trading hours on Wednesday, reaching $196.43. The company had a trading volume of 509,399 shares, compared to its average volume of 317,378. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors has a 52 week low of $186.54 and a 52 week high of $267.11. The firm has a market cap of $10.58 billion, a price-to-earnings ratio of 26.47 and a beta of 1.22. The firm's 50 day moving average price is $220.56 and its 200-day moving average price is $236.68.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm posted $1.82 EPS. The firm's revenue was up 6.9% on a year-over-year basis. On average, analysts forecast that Clean Harbors will post 7.89 EPS for the current year.

Insider Buying and Selling

In related news, insider Robert Speights sold 2,725 shares of the company's stock in a transaction 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 transaction, the insider now owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Eric J. Dugas purchased 1,050 shares of the firm's stock in a transaction on Monday, March 10th. The stock was bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 3,341 shares of company stock valued at $663,041. Company insiders own 5.90% of the company's stock.

Institutional Trading of Clean Harbors

Hedge funds have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors in the 4th quarter worth $32,000. Skandinaviska Enskilda Banken AB publ raised its position in shares of Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after buying an additional 159 shares in the last quarter. Allworth Financial LP raised its position in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after buying an additional 103 shares in the last quarter. Assetmark Inc. raised its position in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Clean Harbors during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors 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.