Insider Selling: Clean Harbors, Inc. (NYSE:CLH) Director Sells 893 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) Director Alison A. Quirk sold 893 shares of Clean Harbors stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $223.69, for a total transaction of $199,755.17. Following the completion of the sale, the director now owns 2,978 shares in the company, valued at approximately $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Clean Harbors Price Performance

CLH stock opened at $225.88 on Friday. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $215.39 and a 200 day moving average price of $223.19. The stock has a market cap of $12.10 billion, a PE ratio of 30.44 and a beta of 1.19.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the company earned $1.29 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Hedge Funds Weigh In On Clean Harbors

A number of large investors have recently made changes to their positions in CLH. Hopwood Financial Services Inc. purchased a new position in shares of Clean Harbors during the 1st quarter worth about $30,000. Kapitalo Investimentos Ltda purchased a new position in shares of Clean Harbors during the 4th quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares during the period. Allworth Financial LP boosted its stake in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after purchasing an additional 205 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CLH shares. Stifel Nicolaus reduced their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Wall Street Zen upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Oppenheimer reduced their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Robert W. Baird boosted their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, Truist Financial reduced their target price on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $257.67.

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.