Barclays Issues Positive Forecast for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH) had its price target boosted by analysts at Barclays from $304.00 to $305.00 in a report released on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the business services provider’s stock. Barclays‘s price objective would indicate a potential upside of 1.62% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets upped their target price on shares of Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Wednesday. Needham & Company LLC boosted their price target on shares of Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Citigroup raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $302.00 to $346.00 in a research note on Wednesday, April 8th. Oppenheimer boosted their price objective on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Finally, Robert W. Baird increased their target price on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $325.77.

Clean Harbors Stock Performance

NYSE CLH opened at $300.14 on Thursday. Clean Harbors has a twelve month low of $201.34 and a twelve month high of $316.98. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The company’s 50-day simple moving average is $292.15 and its 200 day simple moving average is $281.07. The stock has a market cap of $15.86 billion, a P/E ratio of 40.54 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. Clean Harbors’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, research analysts forecast that Clean Harbors will post 8.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 789 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Quattro Advisors LLC bought a new position in shares of Clean Harbors in the 4th quarter worth $26,000. Elyxium Wealth LLC bought a new position in Clean Harbors during the fourth quarter worth about $26,000. Parkside Financial Bank & Trust grew its position in shares of Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the period. MidFirst Bank acquired a new position in shares of Clean Harbors during the 4th quarter worth about $28,000. Finally, Larson Financial Group LLC increased its stake in shares of Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

About Clean Harbors

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.