Clean Harbors (NYSE:CLH) Given New $325.00 Price Target at Truist Financial

Clean Harbors (NYSE:CLH) had its target price raised by Truist Financial from $310.00 to $325.00 in a research report released on Monday morning, Marketbeat.com reports. The firm currently has a buy rating on the business services provider’s stock.

A number of other equities research analysts have also weighed in on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $320.00 target price on shares of Clean Harbors in a report on Monday, February 23rd. TD Cowen restated a “buy” rating on shares of Clean Harbors in a report on Thursday, February 19th. Needham & Company LLC upped their target price on shares of Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Weiss Ratings lowered shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Finally, BMO Capital Markets upped their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold 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 $314.00.

Clean Harbors Trading Up 1.1%

CLH opened at $304.05 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. Clean Harbors has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The firm has a market capitalization of $16.21 billion, a PE ratio of 41.76 and a beta of 0.94. The company’s 50-day moving average is $288.51 and its 200 day moving average is $255.28.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. As a group, research analysts predict that Clean Harbors will post 8.16 earnings per share for the current fiscal year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Marcy L. Reed sold 836 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total value of $240,717.84. Following the transaction, the director owned 5,081 shares in the company, valued at approximately $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the transaction, the chief financial officer owned 15,933 shares in the company, valued at $4,482,112.23. The trade was a 14.89% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 13,597 shares of company stock valued at $3,895,286. Company insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds have recently modified their holdings of the company. HB Wealth Management LLC increased its position 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 valued at $230,000 after acquiring an additional 49 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Clean Harbors by 0.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider’s stock valued at $2,197,000 after purchasing an additional 49 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Clean Harbors by 5.4% during the 4th quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 53 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Clean Harbors by 2.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 53 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Clean Harbors by 16.9% during the 3rd quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Company Profile

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.