The Goldman Sachs Group Has Lowered Expectations for Clean Harbors (NYSE:CLH) Stock Price

Clean Harbors (NYSE:CLH) had its price target cut by stock analysts at The Goldman Sachs Group from $250.00 to $220.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the business services provider’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 12.78% from the company’s current price.

Other equities research analysts have also issued reports about the company. Oppenheimer reduced their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Needham & Company LLC restated a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Robert W. Baird reduced their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Stifel Nicolaus dropped their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $266.56.

Clean Harbors Trading Up 0.7 %

Shares of CLH opened at $195.08 on Wednesday. The business’s 50-day moving average price is $222.52 and its 200 day moving average price is $237.58. The stock has a market capitalization of $10.51 billion, a P/E ratio of 26.29 and a beta of 1.22. Clean Harbors has a 1-year low of $186.54 and a 1-year high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $1.82 EPS. Analysts expect that Clean Harbors will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the business’s stock in a transaction 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 transaction, the director now owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The transaction 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 on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

Several large investors have recently made changes to their positions in CLH. Pictet Asset Management Holding SA lifted its stake in shares of Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock valued at $381,602,000 after acquiring an additional 697,630 shares during the period. Norges Bank acquired a new position in shares of Clean Harbors during the fourth quarter valued at $136,974,000. Wellington Management Group LLP lifted its stake in shares of Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock valued at $930,707,000 after acquiring an additional 592,341 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Clean Harbors during the fourth quarter valued at $57,956,000. Finally, FMR LLC increased its holdings in Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after purchasing an additional 187,140 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Company Profile

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.