Fintel reports that on December 8, 2023, Wells Fargo initiated coverage of Clean Harbors (NYSE:CLH) with a Overweight recommendation.
Analyst Price Forecast Suggests 7.66% Upside
As of November 27, 2023, the average one-year price target for Clean Harbors is 184.43. The forecasts range from a low of 161.60 to a high of $210.00. The average price target represents an increase of 7.66% from its latest reported closing price of 171.31.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Clean Harbors is 5,293MM, a decrease of 1.05%. The projected annual non-GAAP EPS is 6.89.
What is the Fund Sentiment?
There are 896 funds or institutions reporting positions in Clean Harbors. This is an increase of 34 owner(s) or 3.94% in the last quarter. Average portfolio weight of all funds dedicated to CLH is 0.38%, an increase of 2.41%. Total shares owned by institutions increased in the last three months by 1.36% to 58,160K shares. 
The put/call ratio of CLH is 0.39, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 3,472K shares representing 6.42% ownership of the company. In it's prior filing, the firm reported owning 3,823K shares, representing a decrease of 10.09%. The firm decreased its portfolio allocation in CLH by 2.20% over the last quarter.
Select Equity Group holds 3,055K shares representing 5.65% ownership of the company. In it's prior filing, the firm reported owning 2,050K shares, representing an increase of 32.90%. The firm increased its portfolio allocation in CLH by 66.98% over the last quarter.
Invesco holds 1,788K shares representing 3.31% ownership of the company. In it's prior filing, the firm reported owning 1,948K shares, representing a decrease of 8.95%. The firm decreased its portfolio allocation in CLH by 91.01% over the last quarter.
Snyder Capital Management L P holds 1,647K shares representing 3.05% ownership of the company. In it's prior filing, the firm reported owning 1,813K shares, representing a decrease of 10.06%. The firm decreased its portfolio allocation in CLH by 2.01% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,574K shares representing 2.91% ownership of the company. In it's prior filing, the firm reported owning 1,526K shares, representing an increase of 3.02%. The firm increased its portfolio allocation in CLH by 2.86% 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.
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