Clean Harbors (NYSE:CLH) Announces Quarterly Earnings Results

Clean Harbors (NYSE:CLH) released its earnings results on Wednesday. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03), Briefing.com reports. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. Clean Harbors’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.68 EPS.

Clean Harbors Stock Up 1.8 %

NYSE CLH traded up $4.06 during midday trading on Friday, hitting $235.32. 127,274 shares of the company traded hands, compared to its average volume of 292,985. The company has a market cap of $12.70 billion, a PE ratio of 30.12 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors has a 52 week low of $146.66 and a 52 week high of $267.11. The company’s 50-day simple moving average is $246.84 and its 200-day simple moving average is $228.98.

Analyst Upgrades and Downgrades

CLH has been the topic of several recent research reports. Truist Financial upped their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group boosted their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Robert W. Baird reduced their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Oppenheimer upped their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $254.33.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the transaction, the director now directly owns 13,150 shares in the company, valued at approximately $3,428,731. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the transaction, the director now directly owns 13,150 shares of the company’s stock, valued at $3,428,731. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock valued at $2,613,132 over the last quarter. 5.90% of the stock is owned by corporate insiders.

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.