Clean Harbors, Inc. (NYSE:CLH) Director Sells $70,467.32 in Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the transaction, the director now owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, January 15th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $239.04, for a total value of $73,624.32.
• On Monday, December 16th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $245.06, for a total value of $75,478.48.

Clean Harbors Price Performance

Shares of NYSE:CLH traded down $10.69 during midday trading on Wednesday, hitting $216.01. The company had a trading volume of 515,648 shares, compared to its average volume of 347,939. Clean Harbors, Inc. has a twelve month low of $176.02 and a twelve month high of $267.11. 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 stock has a market cap of $11.64 billion, a price-to-earnings ratio of 28.21 and a beta of 1.24. The business’s 50-day simple moving average is $235.02 and its 200-day simple moving average is $242.45.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. During the same quarter in the previous year, the business earned $1.82 earnings per share. On average, research analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CLH. Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. TD Cowen initiated coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Truist Financial increased their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Oppenheimer increased their target price on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors currently has an average rating of “Buy” and a consensus target price of $269.44.

Institutional Investors Weigh In On Clean Harbors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Reliant Investment Management LLC acquired a new stake in Clean Harbors during the fourth quarter worth $4,386,000. Fiduciary Alliance LLC acquired a new position in Clean Harbors during the 4th quarter worth about $846,000. Mountain Pacific Investment Advisers LLC lifted its stake in Clean Harbors by 4.5% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after acquiring an additional 4,240 shares in the last quarter. Barclays PLC lifted its stake in Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after acquiring an additional 8,639 shares in the last quarter. Finally, Advisor Resource Council acquired a new position in Clean Harbors during the 3rd quarter worth about $926,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Company Profile

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.