Clean Harbors (NYSE:CLH) Director Acquires $39,353.75 in Stock

Clean Harbors, Inc. (NYSE:CLH) Director Karyn Polito bought 125 shares of the stock in a transaction that occurred on Thursday, October 29th. The stock was bought at an average price of $314.83 per share, with a total value of $39,353.75. Following the completion of the purchase, the director directly owned 4,252 shares in the company, valued at $1,338,657.16. This represents a 3.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Clean Harbors Stock Down 2.2%

NYSE:CLH opened at $288.37 on Thursday. The company has a current ratio of 1.95, a quick ratio of 1.63 and a debt-to-equity ratio of 0.92. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $335.94. The company has a market cap of $15.21 billion, a PE ratio of 28.95, a P/E/G ratio of 1.65 and a beta of 0.87. The company’s 50 day moving average is $314.73 and its two-hundred day moving average is $298.21.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 28th. The business services provider reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.26 by $0.67. Clean Harbors had a net margin of 8.05% and a return on equity of 18.27%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company posted $2.21 earnings per share. The business’s quarterly revenue was up 20.7% on a year-over-year basis. Analysts anticipate that Clean Harbors, Inc. will post 10.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CLH. Weiss Ratings raised Clean Harbors from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 29th. The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th. BMO Capital Markets restated an “outperform” rating and issued a $364.00 price objective on shares of Clean Harbors in a research note on Thursday, October 15th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Clean Harbors in a report on Thursday, October 29th. Finally, Stifel Nicolaus upped their target price on Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and an average target price of $365.29.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Clean Harbors during the second quarter worth $1,516,521,000. Jupiter Topco LLC acquired a new stake in shares of Clean Harbors in the second quarter valued at about $477,570,000. Bank of America Corp DE acquired a new stake in shares of Clean Harbors in the second quarter valued at about $142,801,000. William Blair Investment Management LLC purchased a new stake in shares of Clean Harbors during the second quarter worth about $125,239,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Clean Harbors during the second quarter worth about $105,962,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.