Clean Harbors (NYSE:CLH) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Clean Harbors (NYSE:CLH) had its price target boosted by The Goldman Sachs Group from $268.00 to $306.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 1.10% from the company’s current price.

Several other brokerages have also commented on CLH. Needham & Company LLC raised their price objective on Clean Harbors from $290.00 to $308.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Oppenheimer upped their target price on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Zacks Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. CJS Securities raised shares of Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Robert W. Baird set a $300.00 price objective on shares of Clean Harbors in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and an average price target of $308.09.

Clean Harbors Stock Up 0.0%

Shares of NYSE:CLH opened at $302.68 on Wednesday. The firm has a market capitalization of $16.01 billion, a P/E ratio of 41.58 and a beta of 0.94. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The stock has a 50 day moving average price of $283.15 and a 200-day moving average price of $251.63. Clean Harbors has a 52-week low of $189.21 and a 52-week high of $316.98.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.03. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, equities research analysts anticipate that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 4,683 shares of Clean Harbors stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total value of $1,373,945.37. Following the completion of the transaction, the executive vice president owned 48,728 shares of the company’s stock, valued at $14,296,307.92. The trade was a 8.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total value of $293,000.00. Following the completion of the transaction, the chief executive officer directly owned 38,877 shares of the company’s stock, valued at approximately $11,390,961. This represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 13,597 shares of company stock valued at $3,895,286. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Clean Harbors

Institutional investors and hedge funds have recently bought and sold shares of the company. HB Wealth Management LLC lifted its stake in shares of Clean Harbors by 5.2% in the third quarter. HB Wealth Management LLC now owns 990 shares of the business services provider’s stock worth $230,000 after buying an additional 49 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Clean Harbors by 0.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider’s stock valued at $2,197,000 after acquiring an additional 49 shares in the last quarter. GAMMA Investing LLC raised its holdings in Clean Harbors by 5.4% in the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock worth $242,000 after acquiring an additional 53 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in Clean Harbors by 2.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock worth $549,000 after acquiring an additional 53 shares during the last quarter. Finally, US Bancorp DE lifted its position in Clean Harbors by 16.9% in the 3rd quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 54 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors News Summary

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Citigroup upgraded CLH from Neutral to Buy and set a $346 price target (up from $302), citing chemicals tailwinds and valuation upside—this is the main bullish catalyst pushing the stock higher. Citigroup upgrades Clean Harbors (CLH)
• Positive Sentiment: Coverage and write-ups emphasize Citi’s upgrade and growth from PFAS/environmental services, arguing valuation now looks more attractive vs. peers—supports further re-rating if macro and remediation demand persist. A Look At Clean Harbors (CLH) Valuation After Citi Upgrade On PFAS And Environmental Services Growth
• Positive Sentiment: Independent coverage highlights Citi’s Buy call and $346 target, increasing visibility among investors and reinforcing the bullish narrative that Wall Street is finally paying attention to environmental services. Clean Harbors Upgraded to Buy at Citi With $346 Target
• Neutral Sentiment: Goldman Sachs raised its price target to $306 but kept a Neutral/Hold rating—this raises the target modestly but is less bullish than Citi and may cap upside near the new target. Clean Harbors (CLH) Receives a Hold from Goldman Sachs
• Neutral Sentiment: Listings and market pages report GS’s new $306 target (about a low-single-digit upside from the current quote), a reminder that not all analysts are aligned and that Citi’s larger target may face pushback. Benzinga coverage

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.