Clean Harbors (NYSE:CLH) PT Raised to $260.00 at Truist Financial

Clean Harbors (NYSE:CLH) had its price objective boosted by investment analysts at Truist Financial from $240.00 to $260.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. Truist Financial’s target price points to a potential upside of 14.48% from the stock’s current price.

A number of other brokerages also recently issued reports on CLH. Needham & Company LLC reissued a “buy” rating and issued a $235.00 price target on shares of Clean Harbors in a report on Thursday, May 2nd. Stifel Nicolaus restated a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Robert W. Baird boosted their target price on Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets lifted their price target on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $218.40.

Clean Harbors Stock Up 0.3 %

CLH opened at $227.11 on Thursday. Clean Harbors has a 12 month low of $132.92 and a 12 month high of $231.15. The company has a market cap of $12.25 billion, a PE ratio of 32.87 and a beta of 1.21. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $219.06 and a 200 day moving average of $196.41.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. On average, sell-side analysts expect that Clean Harbors will post 7.47 EPS for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the completion of the sale, the chief financial officer now owns 21,482 shares of the company’s stock, valued at $4,484,152.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Alan S. Mckim sold 50,000 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the sale, the insider now owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Eric J. Dugas sold 6,200 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the transaction, the chief financial officer now owns 21,482 shares in the company, valued at $4,484,152.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,348 shares of company stock valued at $12,320,113. Corporate insiders own 5.90% of the company’s stock.

Institutional Trading of Clean Harbors

A number of institutional investors have recently made changes to their positions in the stock. MJP Associates Inc. ADV boosted its position in Clean Harbors by 1.1% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock valued at $1,071,000 after buying an additional 51 shares during the period. Mountain Pacific Investment Advisers LLC boosted its holdings in shares of Clean Harbors by 27.4% during the second quarter. Mountain Pacific Investment Advisers LLC now owns 89,596 shares of the business services provider’s stock worth $20,262,000 after purchasing an additional 19,252 shares during the period. Csenge Advisory Group grew its stake in shares of Clean Harbors by 7.6% in the second quarter. Csenge Advisory Group now owns 1,117 shares of the business services provider’s stock worth $253,000 after purchasing an additional 79 shares during the last quarter. CWM LLC increased its holdings in Clean Harbors by 9.8% during the 2nd quarter. CWM LLC now owns 1,351 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 121 shares during the period. Finally, Fulton Bank N.A. raised its position in Clean Harbors by 4.8% during the 2nd quarter. Fulton Bank N.A. now owns 3,589 shares of the business services provider’s stock valued at $812,000 after purchasing an additional 166 shares during the last quarter. 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.