Insider Selling: Clean Harbors, Inc. (NYSE:CLH) Director Sells $75,478.48 in Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the transaction, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, November 15th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24.
• On Tuesday, October 15th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $260.74, for a total value of $80,307.92.

Clean Harbors Stock Performance

Shares of NYSE:CLH opened at $233.60 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 1-year low of $161.39 and a 1-year high of $267.11. The stock has a market capitalization of $12.59 billion, a P/E ratio of 30.42 and a beta of 1.22. The business has a 50-day moving average price of $251.30 and a two-hundred day moving average price of $239.64.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm earned $1.68 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Equities analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Wall Street Analyst Weigh In

CLH has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird cut their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Truist Financial upped their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. TD Cowen initiated coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. Finally, Needham & Company LLC reduced their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $271.00.

Institutional Trading of Clean Harbors

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its holdings in Clean Harbors by 6.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,663 shares of the business services provider’s stock valued at $828,000 after purchasing an additional 217 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Clean Harbors by 11.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,887 shares of the business services provider’s stock valued at $653,000 after acquiring an additional 288 shares during the period. Blue Trust Inc. boosted its stake in Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after acquiring an additional 173 shares during the last quarter. Raymond James & Associates grew its holdings in Clean Harbors by 30.1% during the second quarter. Raymond James & Associates now owns 88,450 shares of the business services provider’s stock valued at $20,003,000 after purchasing an additional 20,465 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Clean Harbors by 45.0% in the second quarter. Nisa Investment Advisors LLC now owns 13,601 shares of the business services provider’s stock valued at $3,076,000 after purchasing an additional 4,218 shares in the last quarter. Institutional investors 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.