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Clean Harbors (NYSE:CLH) Given New $150.00 Price Target at Raymond James

Financial News Live ·  Feb 1, 2023 08:51

Clean Harbors (NYSE:CLH – Get Rating) had its target price lifted by equities researchers at Raymond James from $145.00 to $150.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a "strong-buy" rating on the business services provider's stock. Raymond James' target price suggests a potential upside of 15.12% from the company's previous close.

CLH has been the topic of several other research reports. Oppenheimer decreased their price target on Clean Harbors from $138.00 to $135.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 17th. StockNews.com raised shares of Clean Harbors from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 8th. UBS Group downgraded shares of Clean Harbors from a "buy" rating to a "neutral" rating and set a $135.00 price target for the company. in a report on Thursday, November 3rd. Finally, Robert W. Baird upped their price objective on shares of Clean Harbors from $150.00 to $155.00 in a research note on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $139.33.

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Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $130.30 on Tuesday. The firm has a market cap of $7.05 billion, a P/E ratio of 18.78 and a beta of 1.36. The firm's 50-day simple moving average is $119.20 and its 200-day simple moving average is $115.28. Clean Harbors has a twelve month low of $81.56 and a twelve month high of $131.08. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.72 and a current ratio of 2.01.

Clean Harbors (NYSE:CLH – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $2.43 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.41. Clean Harbors had a net margin of 7.55% and a return on equity of 21.58%. The firm had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.29 billion. As a group, research analysts expect that Clean Harbors will post 6.88 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, insider Robert Speights sold 3,327 shares of the business's stock in a transaction that occurred on Thursday, December 29th. The shares were sold at an average price of $113.71, for a total value of $378,313.17. Following the completion of the transaction, the insider now owns 36,340 shares in the company, valued at approximately $4,132,221.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Robert Speights sold 3,327 shares of Clean Harbors stock in a transaction on Thursday, December 29th. The stock was sold at an average price of $113.71, for a total value of $378,313.17. Following the completion of the sale, the insider now directly owns 36,340 shares of the company's stock, valued at approximately $4,132,221.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Eric W. Gerstenberg sold 16,409 shares of the company's stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $116.02, for a total value of $1,903,772.18. Following the transaction, the chief operating officer now directly owns 61,332 shares in the company, valued at approximately $7,115,738.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,010 shares of company stock worth $7,500,790. Corporate insiders own 6.60% of the company's stock.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently modified their holdings of CLH. Vanguard Group Inc. grew its holdings in Clean Harbors by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,974,889 shares of the business services provider's stock worth $547,138,000 after acquiring an additional 14,664 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Clean Harbors by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,655,982 shares of the business services provider's stock worth $182,125,000 after purchasing an additional 21,572 shares during the period. Artemis Investment Management LLP increased its holdings in Clean Harbors by 13.2% in the fourth quarter. Artemis Investment Management LLP now owns 1,544,794 shares of the business services provider's stock valued at $176,907,000 after purchasing an additional 179,831 shares during the last quarter. Invesco Ltd. boosted its holdings in Clean Harbors by 6.7% during the first quarter. Invesco Ltd. now owns 1,378,894 shares of the business services provider's stock worth $153,941,000 after buying an additional 87,183 shares during the last quarter. Finally, State Street Corp boosted its holdings in Clean Harbors by 0.7% during the third quarter. State Street Corp now owns 1,377,999 shares of the business services provider's stock worth $151,552,000 after buying an additional 9,782 shares during the last quarter. 88.13% of the stock is owned by institutional investors.

Clean Harbors Company Profile

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Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and the Safety-Kleen Sustainability Solutions segments. The Environmental Services segment consists of the technical services, industrial services, field services, and oil, gas, and lodging businesses.

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