Robert Speights Sells 610 Shares of Clean Harbors, Inc. (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Clean Harbors Stock Performance

Shares of CLH stock traded up $18.60 on Wednesday, hitting $259.80. 380,026 shares of the stock were exchanged, compared to its average volume of 296,370. The firm’s 50 day moving average is $246.16 and its two-hundred day moving average is $230.44. Clean Harbors, Inc. has a one year low of $152.57 and a one year high of $267.11. The firm has a market capitalization of $14.00 billion, a PE ratio of 31.43 and a beta of 1.20. 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 (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share 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 firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business posted $1.68 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. Sell-side analysts expect that Clean Harbors, Inc. will post 7.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Clean Harbors

Large investors have recently added to or reduced their stakes in the company. Swedbank AB boosted its stake in Clean Harbors by 83.3% in the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after purchasing an additional 50,000 shares during the period. Oppenheimer & Co. Inc. bought a new position in Clean Harbors in the 1st quarter worth about $828,000. Driehaus Capital Management LLC boosted its stake in Clean Harbors by 17.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after purchasing an additional 18,058 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Clean Harbors by 25.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider’s stock worth $4,491,000 after purchasing an additional 4,554 shares during the period. Finally, Bridges Investment Management Inc. bought a new position in Clean Harbors in the 2nd quarter worth about $729,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CLH. Robert W. Baird lowered their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC lowered their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer upped their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Truist Financial increased their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and a consensus target price of $254.33.

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.