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

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

Several other equities research analysts have also commented on CLH. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. BMO Capital Markets cut their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. TD Cowen initiated coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. Stifel Nicolaus dropped their target price on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and a consensus target price of $266.56.

Clean Harbors Stock Up 0.7 %

Shares of NYSE:CLH opened at $195.08 on Wednesday. The firm has a 50 day simple moving average of $222.52 and a 200-day simple moving average of $237.58. Clean Harbors has a twelve month low of $186.54 and a twelve month high of $267.11. The company has a market capitalization of $10.51 billion, a PE ratio of 26.29 and a beta of 1.22. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. Clean Harbors’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. On average, equities analysts predict that Clean Harbors will post 7.89 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, CFO Eric J. Dugas purchased 1,050 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now directly owns 40,008 shares of the company’s stock, 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. Over the last quarter, insiders sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Clean Harbors

Hedge funds have recently made changes to their positions in the stock. PKO Investment Management Joint Stock Co bought a new position in Clean Harbors during the fourth quarter worth $3,452,000. Park Square Financial Group LLC bought a new position in Clean Harbors during the fourth quarter worth $182,000. Carolinas Wealth Consulting LLC lifted its stake in Clean Harbors by 2,800.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider’s stock valued at $60,000 after buying an additional 252 shares during the last quarter. Armis Advisers LLC acquired a new position in shares of Clean Harbors during the fourth quarter valued at $327,000. Finally, Putney Financial Group LLC acquired a new position in shares of Clean Harbors during the fourth quarter valued at $511,000. 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.