Andrea Robertson Sells 789 Shares of Clean Harbors (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the transaction, the director owned 8,979 shares in the company, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $310.19 on Wednesday. The firm has a 50 day moving average of $296.60 and a 200-day moving average of $289.70. The stock has a market capitalization of $16.38 billion, a PE ratio of 37.64, a PEG ratio of 2.05 and a beta of 0.86. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.36 EPS. On average, equities research analysts predict that Clean Harbors, Inc. will post 9.51 EPS for the current fiscal year.

Institutional Trading of Clean Harbors

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its holdings in Clean Harbors by 94.4% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock valued at $4,874,000 after acquiring an additional 8,252 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Clean Harbors during the 4th quarter worth approximately $938,000. Tudor Investment Corp ET AL raised its holdings 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 purchasing an additional 29,176 shares during the last quarter. Swedbank AB lifted its position in shares of Clean Harbors by 7.1% in the 4th quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock worth $35,172,000 after purchasing an additional 10,000 shares during the period. Finally, New York Life Investment Management LLC acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $1,065,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Wells Fargo & Company upped their price objective on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Truist Financial raised their price objective on Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Raymond James Financial reiterated a “strong-buy” rating and issued a $375.00 target price on shares of Clean Harbors in a research report on Thursday, July 30th. Finally, Needham & Company LLC increased their target price on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors Company Profile

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.