Clean Harbors, Inc. (NYSE:CLH) Insider Sells $518,949.00 in Stock

Clean Harbors, Inc. (NYSE:CLH) insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Clean Harbors Trading Up 1.6 %

NYSE CLH opened at $195.26 on Thursday. The stock has a market cap of $10.52 billion, a PE ratio of 26.32 and a beta of 1.22. Clean Harbors, Inc. has a 12 month low of $186.29 and a 12 month high of $267.11. The company’s 50-day moving average price is $225.50 and its 200-day moving average price is $239.04. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CLH shares. Stifel Nicolaus dropped their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. TD Cowen began coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. Truist Financial lowered their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. One 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 stock. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and a consensus price target of $270.56.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. grew its position in shares of Clean Harbors by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock worth $678,000 after buying an additional 39 shares in the last quarter. Icon Wealth Advisors LLC lifted its stake in Clean Harbors by 8.4% in the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock worth $140,000 after acquiring an additional 45 shares during the period. Traynor Capital Management Inc. grew its holdings in Clean Harbors by 3.6% during the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock worth $334,000 after acquiring an additional 50 shares in the last quarter. CIBC Asset Management Inc increased its position in Clean Harbors by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 53 shares during the period. Finally, Williamson Legacy Group LLC raised its stake in Clean Harbors by 1.4% in the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock worth $858,000 after buying an additional 53 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

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.