Clean Harbors, Inc. (NYSE:CLH) Insider Sells $10,775,500.00 in Stock

Clean Harbors, Inc. (NYSE:CLH) insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total value of $10,775,500.00. Following the transaction, the insider now owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Clean Harbors Trading Down 0.2 %

Shares of NYSE:CLH opened at $220.97 on Friday. The company has a market cap of $11.92 billion, a P/E ratio of 31.98 and a beta of 1.22. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.72. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $223.53. The stock’s fifty day moving average price is $207.92 and its 200-day moving average price is $188.92.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share. Sell-side analysts expect that Clean Harbors, Inc. will post 7.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Clean Harbors by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 shares during the period. Janus Henderson Group PLC lifted its holdings in Clean Harbors by 5.2% in the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock valued at $319,371,000 after acquiring an additional 78,848 shares during the period. FMR LLC lifted its holdings in Clean Harbors by 5.6% in the third quarter. FMR LLC now owns 1,419,048 shares of the business services provider’s stock valued at $237,492,000 after acquiring an additional 75,038 shares during the period. Bessemer Group Inc. lifted its holdings in Clean Harbors by 1.2% in the first quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock valued at $204,019,000 after acquiring an additional 12,411 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in Clean Harbors by 9.4% in the first quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock valued at $163,096,000 after acquiring an additional 69,578 shares during the period. 90.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of recent analyst reports. Raymond James upped their target price on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a report on Thursday, May 2nd. Truist Financial upped their price target on Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 price target on shares of Clean Harbors in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and an average target price of $216.40.

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.