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

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

Several other equities analysts have also issued reports on the stock. Oppenheimer lowered their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. BMO Capital Markets lowered their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Truist Financial cut their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. TD Cowen assumed coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price target for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and a consensus price target of $266.56.

Clean Harbors Price Performance

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 company has a market cap of $10.68 billion, a price-to-earnings ratio of 26.72 and a beta of 1.22. The stock has a fifty day simple moving average of $221.23 and a two-hundred day simple moving average of $237.02. Clean Harbors has a 12-month low of $186.54 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business earned $1.82 EPS. Clean Harbors’s quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts predict that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. 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 company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,341 shares of company stock worth $663,041. Company insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Large investors have recently made changes to their positions in the company. Reliant Investment Management LLC purchased a new position in shares of Clean Harbors in the fourth quarter worth approximately $4,386,000. Fiduciary Alliance LLC bought a new position in Clean Harbors in the fourth quarter worth approximately $846,000. Mountain Pacific Investment Advisers LLC boosted its stake in shares of Clean Harbors by 4.5% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after acquiring an additional 4,240 shares during the last quarter. Barclays PLC grew its position in shares of Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after acquiring an additional 8,639 shares during the period. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Clean Harbors during the 3rd quarter valued at $1,692,000. 90.43% of the stock is currently owned by 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.