Clean Harbors, Inc. (NYSE:CLH) Director Lauren States Sells 308 Shares

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the sale, the director now directly owns 13,150 shares in the company, valued at $3,428,731. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Lauren States also recently made the following trade(s):

• On Monday, September 16th, Lauren States sold 309 shares of Clean Harbors stock. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81.

Clean Harbors Stock Up 1.1 %

NYSE CLH traded up $2.90 on Wednesday, hitting $258.08. 35,725 shares of the stock were exchanged, compared to its average volume of 289,963. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $261.81. The company has a 50-day moving average price of $242.56 and a 200-day moving average price of $224.81. The company has a market cap of $13.92 billion, a PE ratio of 36.93 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial raised their price target on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Needham & Company LLC raised their target price on Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Oppenheimer raised their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $242.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Creative Planning lifted its stake in Clean Harbors by 10.8% during the third quarter. Creative Planning now owns 3,147 shares of the business services provider’s stock worth $761,000 after purchasing an additional 308 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its stake in Clean Harbors by 3.5% in the third quarter. Redhawk Wealth Advisors Inc. now owns 11,465 shares of the business services provider’s stock valued at $2,771,000 after purchasing an additional 389 shares during the last quarter. Northcape Capital Pty Ltd acquired a new stake in Clean Harbors during the third quarter worth approximately $2,324,000. UMB Bank n.a. lifted its position in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after buying an additional 83 shares during the last quarter. Finally, Mountain Pacific Investment Advisers LLC boosted its holdings in shares of Clean Harbors by 5.8% in the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 94,799 shares of the business services provider’s stock valued at $22,914,000 after buying an additional 5,203 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

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.