Eric J. Dugas Purchases 1,050 Shares of Clean Harbors, Inc. (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) CFO Eric J. Dugas acquired 1,050 shares of the business’s stock in a transaction on Monday, March 10th. The stock was acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Clean Harbors Price Performance

Shares of CLH stock traded up $2.19 during trading hours on Tuesday, hitting $190.33. The company’s stock had a trading volume of 387,737 shares, compared to its average volume of 466,825. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The business has a fifty day moving average of $226.95 and a 200-day moving average of $239.72. Clean Harbors, Inc. has a twelve month low of $185.22 and a twelve month high of $267.11. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 25.65 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 EPS. As a group, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Oppenheimer lowered their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. BMO Capital Markets decreased their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus lowered their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $270.56.

Institutional Trading of Clean Harbors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Reliant Investment Management LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth about $4,386,000. Fiduciary Alliance LLC purchased a new position in shares of Clean Harbors during the fourth quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC lifted its stake in shares of Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after buying an additional 4,240 shares during the period. Barclays PLC boosted its position in Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after acquiring an additional 8,639 shares during the last quarter. Finally, Anthracite Investment Company Inc. purchased a new stake in Clean Harbors in the 3rd quarter worth approximately $1,692,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

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.