Truist Financial Issues Pessimistic Forecast for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH) had its price objective decreased by Truist Financial from $280.00 to $270.00 in a report issued on Thursday morning,Benzinga reports. Truist Financial currently has a buy rating on the business services provider’s stock.

CLH has been the topic of a number of other reports. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday. Oppenheimer lifted their target price on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. TD Cowen started coverage on Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. BMO Capital Markets cut their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Robert W. Baird decreased their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $270.56.

Clean Harbors Stock Performance

NYSE CLH opened at $217.77 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors has a twelve month low of $180.24 and a twelve month high of $267.11. The business has a 50-day moving average price of $233.16 and a 200-day moving average price of $242.11. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 29.35 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the sale, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock valued at $444,558 in the last quarter. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently modified their holdings of CLH. Creative Planning grew its stake in Clean Harbors by 10.8% during the 3rd quarter. Creative Planning now owns 3,147 shares of the business services provider’s stock valued at $761,000 after purchasing an additional 308 shares during the last quarter. Blue Trust Inc. boosted its position in Clean Harbors by 19.1% in the third quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock valued at $86,000 after buying an additional 61 shares during the last quarter. Raymond James & Associates increased its holdings in Clean Harbors by 4.1% in the 3rd quarter. Raymond James & Associates now owns 92,034 shares of the business services provider’s stock worth $22,246,000 after buying an additional 3,584 shares during the period. Signaturefd LLC raised its position in Clean Harbors by 11.8% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after buying an additional 52 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in Clean Harbors by 8.0% during the 3rd quarter. Private Advisor Group LLC now owns 1,502 shares of the business services provider’s stock valued at $363,000 after acquiring an additional 111 shares during the period. 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.