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 firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the transaction, the director now directly owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, January 15th, Lauren States sold 308 shares of Clean Harbors stock. The shares were sold at an average price of $239.04, for a total value of $73,624.32.
• 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.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $211.97 on Friday. Clean Harbors, Inc. has a twelve month low of $176.02 and a twelve month high of $267.11. The stock has a market capitalization of $11.43 billion, a P/E ratio of 27.60 and a beta of 1.24. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The business’s fifty day moving average price is $233.69 and its 200 day moving average price is $242.09.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 earnings per share. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Robert W. Baird lowered their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Oppenheimer lowered their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, TD Cowen initiated coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $270.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CLH. Pictet Asset Management Holding SA lifted its stake in shares of Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock worth $381,602,000 after purchasing an additional 697,630 shares in the last quarter. Norges Bank acquired a new position in shares of Clean Harbors during the fourth quarter worth about $136,974,000. Wellington Management Group LLP lifted its stake in shares of Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock worth $930,707,000 after purchasing an additional 592,341 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Clean Harbors during the fourth quarter worth about $57,956,000. Finally, FMR LLC lifted its stake in shares of Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 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.