Fintel reports that on August 3, 2023, Truist Securities maintained coverage of Clean Harbors (NYSE:CLH) with a Buy recommendation.
Analyst Price Forecast Suggests 7.38% Upside
As of August 1, 2023, the average one-year price target for Clean Harbors is 179.62. The forecasts range from a low of 156.55 to a high of $205.80. The average price target represents an increase of 7.38% from its latest reported closing price of 167.28.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Clean Harbors is 5,293MM, a decrease of 1.00%. The projected annual non-GAAP EPS is 6.89.
What is the Fund Sentiment?
There are 870 funds or institutions reporting positions in Clean Harbors. This is an increase of 35 owner(s) or 4.19% in the last quarter. Average portfolio weight of all funds dedicated to CLH is 0.36%, an increase of 18.33%. Total shares owned by institutions increased in the last three months by 0.69% to 55,617K shares. 
The put/call ratio of CLH is 0.25, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 3,978K shares representing 7.35% ownership of the company. In it's prior filing, the firm reported owning 5,148K shares, representing a decrease of 29.43%. The firm decreased its portfolio allocation in CLH by 4.61% over the last quarter.
Snyder Capital Management L P holds 2,042K shares representing 3.77% ownership of the company. In it's prior filing, the firm reported owning 2,101K shares, representing a decrease of 2.88%. The firm increased its portfolio allocation in CLH by 14.67% over the last quarter.
Invesco holds 1,695K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 1,606K shares, representing an increase of 5.27%. The firm increased its portfolio allocation in CLH by 25.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,587K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 1,559K shares, representing an increase of 1.78%. The firm increased its portfolio allocation in CLH by 17.44% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,551K shares representing 2.87% ownership of the company. In it's prior filing, the firm reported owning 1,553K shares, representing a decrease of 0.10%. The firm increased its portfolio allocation in CLH by 19.44% over the last quarter.
Clean Harbors Background Information
(This description is provided by the company.)
Clean Harbors is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India.
Additional reading:
- Clean Harbors Announces Second-Quarter 2023 Financial Results
- Amendment No. 3 to Credit Agreement, dated June 23, 2023, among Clean Harbors, Inc., as Borrower, and Goldman Sachs Lending Partners LLC, as Administrative Agent and Collateral Agent, to that certain Credit Agreement dated as of June 30, 2017, as previously amended, among the Financial Institutions party thereto, as Lenders, Goldman Sachs Lending Partners LLC, as Administrative Agreement and Collateral Agent, Clean Harbors, Inc. as Borrower, and the Loan Guarantors from time to time party thereto
- Clean Harbors Announces First-Quarter 2023 Financial Results
- First Amendment dated April 28, 2023 to Sixth Amended and Restated Credit Agreement dated as of October 28, 2020 among Clean Harbors, Inc., as the U.S. Borrower, Clean Harbors Industrial Services Canada, Inc., as the Canadian Borrower, Bank of America, N.A., as Administrative Agent, and the Lenders party thereto
- Sixth Amended and Restated Credit Agreement dated as of October 28, 2020, as amended through First Amendment thereto dated April 28, 2023, among Clean Harbors, Inc., as the U.S. Borrower, Clean Harbors Industrial Services Canada, Inc., as the Canadian Borrower, Bank of America, N.A., as Administrative Agent, and the Lenders party thereto
This story originally appeared on Fintel.
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