Clean Harbors, Inc. (NYSE:CLH) Director Lauren States Sells 309 Shares

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 309 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now directly owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Clean Harbors Stock Down 1.0 %

NYSE CLH opened at $241.98 on Wednesday. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $247.52. The stock has a market capitalization of $13.05 billion, a PE ratio of 35.02 and a beta of 1.20. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. The business’s 50-day moving average is $234.80 and its 200 day moving average is $216.62.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $2.13 EPS. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Institutional Trading of Clean Harbors

Several large investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Clean Harbors in the 4th quarter worth about $87,074,000. Clearbridge Investments LLC raised its stake in Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after buying an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. purchased a new stake in Clean Harbors in the second quarter worth about $42,968,000. Wellington Management Group LLP boosted its position in Clean Harbors by 5.3% during the 4th 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 in the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in shares of Clean Harbors by 93.1% during the 1st quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock worth $53,124,000 after acquiring an additional 127,498 shares during the period. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Monday. Robert W. Baird raised their price objective on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Truist Financial raised their price target on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $242.40.

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.