Clean Harbors (NYSE:CLH) Director Lauren States Sells 789 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 789 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the sale, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Clean Harbors Price Performance

Shares of CLH opened at $283.23 on Thursday. The firm has a market capitalization of $14.97 billion, a PE ratio of 38.38 and a beta of 0.92. The company’s 50-day moving average is $295.68 and its 200-day moving average is $267.38. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the company posted $1.09 earnings per share. Clean Harbors’s revenue was up 1.9% compared to the same quarter last year. Equities analysts forecast that Clean Harbors, Inc. will post 8.38 EPS for the current year.

Institutional Investors Weigh In On Clean Harbors

Hedge funds have recently added to or reduced their stakes in the business. Candriam S.C.A. boosted its position in Clean Harbors by 36.4% during the 3rd quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock worth $15,992,000 after buying an additional 18,367 shares during the period. JPMorgan Chase & Co. boosted its position in Clean Harbors by 7.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after buying an additional 15,872 shares during the period. SG Americas Securities LLC boosted its position in Clean Harbors by 57.4% during the 4th quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock worth $14,683,000 after buying an additional 22,827 shares during the period. Tudor Investment Corp ET AL boosted its position in Clean Harbors by 86.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock worth $14,654,000 after buying an additional 29,176 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Clean Harbors by 2.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock worth $86,963,000 after buying an additional 8,145 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on CLH. UBS Group increased their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Oppenheimer increased their price objective on shares of Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Barclays increased their price objective on shares of Clean Harbors from $280.00 to $304.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Finally, BMO Capital Markets increased their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.08.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.