Clean Harbors, Inc. (NYSE:CLH) Director Sells $76,932.24 in Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $249.78, for a total transaction of $76,932.24. Following the completion of the transaction, the director now owns 12,842 shares in the company, valued at approximately $3,207,674.76. This trade represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, October 15th, Lauren States sold 308 shares of Clean Harbors stock. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92.
• On Monday, September 16th, Lauren States sold 309 shares of Clean Harbors stock. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81.

Clean Harbors Stock Down 1.5 %

Shares of NYSE CLH opened at $243.58 on Tuesday. The stock has a fifty day moving average price of $249.19 and a 200 day moving average price of $234.19. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11. The company has a market cap of $13.13 billion, a P/E ratio of 31.72 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm posted $1.68 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. Research analysts anticipate that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CLH shares. Truist Financial lifted their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Oppenheimer upped their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. The Goldman Sachs Group raised their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Robert W. Baird dropped their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and an average target price of $254.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bleakley Financial Group LLC acquired a new position in Clean Harbors in the 1st quarter worth $219,000. Edgestream Partners L.P. lifted its stake in shares of Clean Harbors by 15.2% in the first quarter. Edgestream Partners L.P. now owns 3,813 shares of the business services provider’s stock worth $768,000 after acquiring an additional 502 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Clean Harbors by 7.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,631 shares of the business services provider’s stock valued at $328,000 after purchasing an additional 111 shares during the last quarter. Seven Eight Capital LP acquired a new stake in Clean Harbors during the 1st quarter valued at approximately $889,000. Finally, Clearbridge Investments LLC raised its position in shares of Clean Harbors by 9.4% in the 1st quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock valued at $163,096,000 after purchasing an additional 69,578 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

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.