Lauren States Sells 789 Shares of Clean Harbors (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 789 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Clean Harbors Stock Down 0.3%

CLH opened at $286.11 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The business has a 50 day moving average price of $295.80 and a two-hundred day moving average price of $266.83. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The company has a market cap of $15.12 billion, a PE ratio of 38.77 and a beta of 0.92.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, research analysts anticipate that Clean Harbors, Inc. will post 8.38 EPS for the current year.

Wall Street Analyst Weigh In

CLH has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Weiss Ratings cut Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Oppenheimer boosted their target price on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Truist Financial raised their price objective on Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, Needham & Company LLC raised their price objective on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average target price of $322.08.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds have recently bought and sold shares of the company. Verus Capital Partners LLC purchased a new position in Clean Harbors in the 1st quarter valued at approximately $254,000. Edgestream Partners L.P. acquired a new stake in Clean Harbors during the 1st quarter valued at $249,000. EverSource Wealth Advisors LLC grew its holdings in Clean Harbors by 0.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,948 shares of the business services provider’s stock valued at $2,852,000 after buying an additional 61 shares during the last quarter. California State Teachers Retirement System grew its holdings in Clean Harbors by 22.5% during the 1st quarter. California State Teachers Retirement System now owns 59,158 shares of the business services provider’s stock valued at $16,962,000 after buying an additional 10,858 shares during the last quarter. Finally, Rithm Capital Corp. grew its holdings in Clean Harbors by 8.1% during the 1st quarter. Rithm Capital Corp. now owns 4,000 shares of the business services provider’s stock valued at $1,147,000 after buying an additional 300 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.