The Goldman Sachs Group Lowers Clean Harbors (NYSE:CLH) Price Target to $220.00

Clean Harbors (NYSE:CLH) had its target price reduced by analysts at The Goldman Sachs Group from $250.00 to $220.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 10.97% from the company’s previous close.

A number of other research analysts have also recently commented on the company. StockNews.com raised Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. BMO Capital Markets decreased their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Truist Financial cut their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Oppenheimer decreased their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Clean Harbors has an average rating of “Buy” and a consensus price target of $266.56.

Clean Harbors Stock Up 0.8 %

Shares of NYSE CLH opened at $198.26 on Wednesday. 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 business has a 50-day moving average of $221.23 and a 200-day moving average of $237.02. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 26.72 and a beta of 1.22. Clean Harbors has a 12 month low of $186.54 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates 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 for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 earnings per share. Sell-side analysts expect that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas bought 1,050 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the transaction, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Clean Harbors

A number of large investors have recently made changes to their positions in CLH. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors in the fourth quarter worth $32,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP lifted its position in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares during the period. Assetmark Inc. lifted its position in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after purchasing an additional 205 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors during the 3rd quarter valued at about $56,000. 90.43% of the stock is currently owned by institutional investors.

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.