Clean Harbors (NYSE:CLH) Stock Price Target Raised at Barclays

Clean Harbors (NYSE:CLH) had its price objective boosted by Barclays from $335.00 to $338.00 in a research note published on Friday,Benzinga reports. They currently have an equal weight rating on the business services provider’s stock.

A number of other equities research analysts have also issued reports on the company. Bank of America set a $377.00 target price on Clean Harbors and gave the company a “buy” rating in a research report on Thursday, July 30th. Needham & Company LLC upped their price target on Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. UBS Group raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and raised their price target for the stock from $325.00 to $375.00 in a research note on Wednesday, October 21st. Wells Fargo & Company lifted their price objective on shares of Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Clean Harbors in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $365.21.

Clean Harbors Price Performance

CLH stock opened at $302.33 on Friday. The stock has a 50-day moving average price of $315.93 and a two-hundred day moving average price of $297.71. Clean Harbors has a 1 year low of $201.34 and a 1 year high of $335.94. The stock has a market cap of $15.94 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87. The company has a current ratio of 1.95, a quick ratio of 1.80 and a debt-to-equity ratio of 0.92.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 28th. The business services provider reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $3.26 by $0.67. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.73 billion. Clean Harbors had a return on equity of 18.27% and a net margin of 8.05%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 earnings per share. Equities analysts forecast that Clean Harbors will post 10.23 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the sale, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their position. The SEC filing for this sale provides additional information. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Clean Harbors

Institutional investors have recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. bought a new position in shares of Clean Harbors during the 3rd quarter worth approximately $31,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Clean Harbors during the 2nd quarter worth approximately $36,000. Elevation Wealth Partners LLC raised its stake in Clean Harbors by 317.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 142 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 108 shares during the period. Pension & Wealth Management Advisors Inc. bought a new stake in Clean Harbors in the 3rd quarter valued at $53,000. Finally, Root Financial Partners LLC raised its stake in Clean Harbors by 99.2% in the 1st quarter. Root Financial Partners LLC now owns 241 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 120 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.