Clean Harbors, Inc. (NYSE:CLH) Director Sells $70,467.32 in Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Lauren States also recently made the following trade(s):

• On Wednesday, January 15th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32.
• On Monday, December 16th, Lauren States sold 308 shares of Clean Harbors stock. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48.

Clean Harbors Price Performance

NYSE:CLH opened at $217.77 on Friday. The business’s 50-day simple moving average is $233.16 and its two-hundred day simple moving average is $242.03. The stock has a market cap of $11.74 billion, a PE ratio of 29.35 and a beta of 1.24. Clean Harbors, Inc. has a 52 week low of $180.24 and a 52 week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share 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 net margin of 6.83% and a return on equity of 16.33%. Clean Harbors’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 earnings per share. As a group, analysts forecast that Clean Harbors, Inc. will post 8.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CLH shares. Needham & Company LLC reiterated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday. Stifel Nicolaus reduced their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday. Oppenheimer reduced their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday. TD Cowen assumed coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. Finally, Robert W. Baird reduced their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $270.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider’s stock worth $1,072,237,000 after buying an additional 11,814 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Clean Harbors by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock valued at $930,707,000 after buying an additional 592,341 shares in the last quarter. Select Equity Group L.P. raised its position in Clean Harbors by 4.8% during the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider’s stock valued at $403,085,000 after purchasing an additional 80,436 shares during the period. FMR LLC lifted its position 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 worth $422,319,000 after buying an additional 187,140 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock worth $381,602,000 after buying an additional 697,630 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

About Clean Harbors

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.