Insider Selling: Clean Harbors, Inc. (NYSE:CLH) Director Sells 308 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now owns 12,226 shares in the company, 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 can be accessed through the SEC website.

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

• On Monday, December 16th, Lauren States sold 308 shares of Clean Harbors stock. The shares were 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 transaction of $76,932.24.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $239.47 on Friday. Clean Harbors, Inc. has a fifty-two week low of $162.62 and a fifty-two week high of $267.11. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 31.18 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The business has a 50-day moving average of $242.84 and a 200-day moving average of $240.86.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. Clean Harbors’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Institutional Trading of Clean Harbors

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in shares of Clean Harbors by 17.7% during the second quarter. Envestnet Asset Management Inc. now owns 89,554 shares of the business services provider’s stock worth $20,253,000 after purchasing an additional 13,458 shares during the period. Brown Brothers Harriman & Co. bought a new position in Clean Harbors during the 2nd quarter worth $56,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Clean Harbors by 19.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,828 shares of the business services provider’s stock worth $1,996,000 after buying an additional 1,467 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Clean Harbors by 4.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,541 shares of the business services provider’s stock valued at $1,705,000 after acquiring an additional 343 shares during the period. Finally, Waterloo Capital L.P. acquired a new position in shares of Clean Harbors in the second quarter valued at about $201,000. Institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird dropped their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Truist Financial raised their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Oppenheimer boosted their price objective on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors has an average rating of “Buy” and a consensus target price of $269.44.

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.