Clean Harbors, Inc. (NYSE:CLH) Short Interest Update

Clean Harbors, Inc. (NYSE:CLH) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 585,100 shares, a growth of 16.9% from the February 13th total of 500,300 shares. Based on an average daily trading volume, of 427,100 shares, the short-interest ratio is currently 1.4 days. Currently, 1.2% of the company’s stock are sold short.

Insiders Place Their Bets

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,341 shares of company stock worth $663,041. Company insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors have recently modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors in the 4th quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ raised its position in Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after buying an additional 159 shares during the last quarter. Allworth Financial LP raised its position in Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after buying an additional 103 shares during the last quarter. Assetmark Inc. raised its position in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Clean Harbors in the 3rd quarter valued at $56,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Trading Up 0.9 %

CLH traded up $1.81 during trading on Wednesday, hitting $196.72. The company’s stock had a trading volume of 378,946 shares, compared to its average volume of 315,712. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors has a twelve month low of $186.54 and a twelve month high of $267.11. The stock’s fifty day moving average price is $222.52 and its 200-day moving average price is $237.58. The firm has a market capitalization of $10.59 billion, a P/E ratio of 26.51 and a beta of 1.22.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CLH. TD Cowen began coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. Truist Financial decreased their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus decreased their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group decreased their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. 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 data from MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and a consensus price target of $266.56.

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.