Clean Harbors, Inc. (NYSE:CLH) Insider Alan S. Mckim Sells 28,389 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) insider Alan S. Mckim sold 28,389 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $164.50, for a total value of $4,669,990.50. Following the completion of the transaction, the insider now owns 2,736,275 shares in the company, valued at approximately $450,117,237.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Clean Harbors Stock Up 0.8 %

NYSE CLH opened at $165.75 on Tuesday. The stock has a fifty day moving average of $161.59 and a 200-day moving average of $160.58. The stock has a market capitalization of $8.96 billion, a P/E ratio of 24.89 and a beta of 1.38. Clean Harbors, Inc. has a 52 week low of $109.36 and a 52 week high of $178.33. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.68 and a current ratio of 2.00.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, November 1st. The business services provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.39). The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.41 billion. Clean Harbors had a return on equity of 17.55% and a net margin of 6.77%. Clean Harbors’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company posted $2.43 EPS. On average, equities research analysts forecast that Clean Harbors, Inc. will post 6.91 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CLH. Millburn Ridgefield Corp bought a new stake in Clean Harbors in the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Clean Harbors during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management acquired a new position in Clean Harbors during the second quarter valued at approximately $28,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Clean Harbors in the 3rd quarter valued at $33,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Clean Harbors during the 1st quarter worth $30,000. 90.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stifel Nicolaus reissued a “buy” rating and set a $180.00 price target on shares of Clean Harbors in a research report on Monday, September 18th. Needham & Company LLC restated a “buy” rating and set a $182.00 price objective on shares of Clean Harbors in a research note on Thursday, August 3rd. StockNews.com initiated coverage on shares of Clean Harbors in a report on Thursday, October 5th. They issued a “buy” rating for the company. Oppenheimer lifted their price objective on shares of Clean Harbors from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, The Goldman Sachs Group raised their price objective on shares of Clean Harbors from $166.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $183.00.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments: The Environmental Services and The 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.