Lauren States Sells 308 Shares of Clean Harbors, Inc. (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, December 16th, Lauren States sold 308 shares of Clean Harbors stock. The shares were sold at an average price of $245.06, for a total value of $75,478.48.
• On Friday, November 15th, Lauren States sold 308 shares of Clean Harbors stock. The shares were sold at an average price of $249.78, for a total value of $76,932.24.

Clean Harbors Stock Up 1.1 %

Clean Harbors stock opened at $241.80 on Friday. The firm has a 50 day moving average price of $242.47 and a 200-day moving average price of $241.01. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a twelve month low of $163.72 and a twelve month high of $267.11. The company has a market capitalization of $13.03 billion, a P/E ratio of 31.48 and a beta of 1.24.

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

Analyst Ratings Changes

CLH has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer boosted their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird cut their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and an average price target of $269.44.

Institutional Investors Weigh In On Clean Harbors

Large investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its holdings in Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after purchasing an additional 248,240 shares during the last quarter. FMR LLC grew its stake in Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after buying an additional 187,140 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after acquiring an additional 100,394 shares during the period. Marshall Wace LLP boosted its stake in Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after purchasing an additional 90,756 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Clean Harbors in the third quarter valued at approximately $17,258,000. Hedge funds and other 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.