UBS Group Issues Pessimistic Forecast for Clean Harbors (NYSE:CLH) Stock Price

by · The Markets Daily

Clean Harbors (NYSE:CLH – Get Free Report) had its price target lowered by UBS Group from $240.00 to $205.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price objective would suggest a potential upside of 5.28% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Truist Financial dropped their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, February 20th. BMO Capital Markets decreased their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. The Goldman Sachs Group reduced their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Finally, StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.40.

View Our Latest Stock Analysis on Clean Harbors

Clean Harbors Stock Performance

Shares of NYSE CLH traded up $0.67 during mid-day trading on Friday, hitting $194.73. The company had a trading volume of 109,215 shares, compared to its average volume of 337,193. The business’s 50-day simple moving average is $206.94 and its 200-day simple moving average is $231.61. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The firm has a market cap of $10.49 billion, a P/E ratio of 26.26 and a beta of 1.11. Clean Harbors has a 12 month low of $178.29 and a 12 month high of $267.11.

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

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,341 shares of company stock valued at $663,041 over the last three months. 5.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds have recently added to or reduced their stakes in the business. Kapitalo Investimentos Ltda bought a new position in shares of Clean Harbors in the fourth quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 159 shares during the period. Allworth Financial LP lifted its position in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after acquiring an additional 103 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after acquiring an additional 205 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Clean Harbors in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Company Profile

(Get Free Report)

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.

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