Clean Harbors (NYSE:CLH) Sets New 12-Month High at $230.69

Shares of Clean Harbors, Inc. (NYSE:CLH) reached a new 52-week high during trading on Friday . The stock traded as high as $230.69 and last traded at $229.87, with a volume of 9452 shares changing hands. The stock had previously closed at $228.89.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Clean Harbors in a research report on Thursday, May 2nd. Raymond James upped their price target on Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $220.00 price objective on shares of Clean Harbors in a report on Monday, April 22nd. BMO Capital Markets boosted their target price on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $216.40.

Clean Harbors Price Performance

The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 33.12 and a beta of 1.22. The stock’s 50 day moving average price is $213.35 and its two-hundred day moving average price is $192.79. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20.

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

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 1,148 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the transaction, the director now directly owns 13,767 shares in the company, valued at approximately $3,003,133.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Alan S. Mckim sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the sale, the insider now directly owns 2,494,211 shares in the company, valued at $537,527,412.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 1,148 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the transaction, the director now owns 13,767 shares in the company, valued at approximately $3,003,133.38. The disclosure for this sale can be found here. Insiders have sold 57,348 shares of company stock valued at $12,320,113 in the last 90 days. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of Clean Harbors

Several institutional investors have recently modified their holdings of CLH. Cetera Advisors LLC lifted its position in shares of Clean Harbors by 206.7% in the first quarter. Cetera Advisors LLC now owns 11,110 shares of the business services provider’s stock valued at $2,237,000 after acquiring an additional 7,488 shares in the last quarter. Cetera Investment Advisers raised its stake in Clean Harbors by 380.8% in the 1st quarter. Cetera Investment Advisers now owns 15,029 shares of the business services provider’s stock valued at $3,025,000 after purchasing an additional 11,903 shares during the last quarter. Swedbank AB purchased a new stake in shares of Clean Harbors during the first quarter worth $12,079,000. LRI Investments LLC acquired a new stake in shares of Clean Harbors in the first quarter valued at about $288,000. Finally, iA Global Asset Management Inc. lifted its stake in shares of Clean Harbors by 9.1% in the first quarter. iA Global Asset Management Inc. now owns 4,028 shares of the business services provider’s stock worth $811,000 after buying an additional 337 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.