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 firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of 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 document filed with the SEC, which is accessible through 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 transaction 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 Stock Performance

Shares of CLH stock traded up $1.26 during trading hours on Thursday, hitting $238.26. 51,974 shares of the company were exchanged, compared to its average volume of 294,344. Clean Harbors, Inc. has a 52-week low of $162.62 and a 52-week high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The firm has a fifty day simple moving average of $243.24 and a 200 day simple moving average of $240.87. The stock has a market capitalization of $12.84 billion, a price-to-earnings ratio of 31.02 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Research analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CLH. Stifel Nicolaus raised their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Oppenheimer upped their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Monday. Robert W. Baird reduced their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, TD Cowen assumed coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. One investment 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. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and a consensus target price of $269.44.

Institutional Investors Weigh In On Clean Harbors

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

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.