Clean Harbors, Inc. (NYSE:CLH) Director Sells $73,624.32 in Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now owns 12,226 shares of the company’s stock, valued at $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, December 16th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $245.06, for a total value of $75,478.48.
• On Friday, November 15th, Lauren States sold 308 shares of Clean Harbors stock. The shares were sold at an average price of $249.78, for a total value of $76,932.24.

Clean Harbors Trading Up 0.5 %

CLH traded up $1.26 during midday trading on Thursday, hitting $238.26. 51,974 shares of the company were exchanged, compared to its average volume of 294,344. The firm has a market capitalization of $12.84 billion, a P/E ratio of 31.02 and a beta of 1.24. The firm’s 50 day moving average price is $243.24 and its 200-day moving average price is $240.87. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 1-year low of $162.62 and a 1-year high of $267.11.

Clean Harbors (NYSE:CLH) last announced its 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 net margin of 7.19% and a return on equity of 17.51%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Clean Harbors

Several large investors have recently modified their holdings of CLH. UMB Bank n.a. boosted its position in Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors in the 2nd quarter valued at about $56,000. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors during the 3rd quarter valued at about $56,000. CENTRAL TRUST Co grew its stake in Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in Clean Harbors by 42.6% in the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after purchasing an additional 87 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on CLH shares. Needham & Company LLC reissued a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday. Stifel Nicolaus raised their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Truist Financial boosted their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. Finally, Oppenheimer upped their target price on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Monday. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and a consensus target price of $269.44.

Clean Harbors Company Profile

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.