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

Clean Harbors (NYSE:CLH) had its target price upped by Barclays from $304.00 to $305.00 in a research report report published on Thursday morning,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 commented on the stock. BMO Capital Markets upped their price objective on shares of Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Wednesday. Robert W. Baird boosted their target price on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Wall Street Zen cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Wells Fargo & Company increased their price target on Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, Citigroup raised Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $302.00 to $346.00 in a research report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $325.77.

Clean Harbors Stock Up 0.3%

Shares of CLH opened at $301.75 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $316.98. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of 40.89 and a beta of 0.86. The stock has a fifty day moving average of $292.06 and a 200-day moving average of $281.51.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS. As a group, sell-side analysts anticipate that Clean Harbors will post 8.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 789 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new position in shares of Clean Harbors during the second quarter worth approximately $817,000. Gradient Investments LLC increased its stake in Clean Harbors by 5.0% during the 2nd quarter. Gradient Investments LLC now owns 10,687 shares of the business services provider’s stock valued at $3,193,000 after purchasing an additional 513 shares in the last quarter. Quantum Financial Advisors LLC acquired a new position in Clean Harbors during the second quarter worth $205,000. Trust Point Inc. acquired a new position in Clean Harbors during the second quarter worth $211,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Clean Harbors by 48.2% in the second quarter. Assenagon Asset Management S.A. now owns 72,519 shares of the business services provider’s stock valued at $21,665,000 after buying an additional 23,576 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Company Profile

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.