Clean Harbors, Inc. (NYSE:CLH) Insider Robert Speights Sells 2,725 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clean Harbors Stock Performance

CLH stock opened at $192.42 on Wednesday. The business’s fifty day moving average is $226.20 and its 200-day moving average is $239.35. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The company has a market cap of $10.36 billion, a P/E ratio of 25.93 and a beta of 1.22. Clean Harbors, Inc. has a twelve month low of $185.22 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast 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 research reports. Stifel Nicolaus decreased their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Oppenheimer dropped their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Truist Financial lowered their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Robert W. Baird lowered their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $270.56.

Hedge Funds Weigh In On Clean Harbors

A number of large investors have recently modified their holdings of the business. Park Square Financial Group LLC acquired a new stake in Clean Harbors during the fourth quarter worth approximately $182,000. Carolinas Wealth Consulting LLC lifted its holdings in Clean Harbors by 2,800.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider’s stock valued at $60,000 after buying an additional 252 shares during the period. Armis Advisers LLC bought a new stake in Clean Harbors in the fourth quarter valued at $327,000. Putney Financial Group LLC bought a new stake in shares of Clean Harbors during the fourth quarter worth about $511,000. Finally, Toronto Dominion Bank bought a new stake in Clean Harbors in the 4th quarter worth about $3,295,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.