Clean Harbors, Inc. (NYSE:CLH) Insider Robert Speights Sells 2,725 Shares

Clean Harbors, Inc. (NYSE:CLH) insider Robert Speights sold 2,725 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Clean Harbors Stock Down 3.1 %

Shares of Clean Harbors stock opened at $189.15 on Friday. Clean Harbors, Inc. has a 1-year low of $186.54 and a 1-year high of $267.11. The company has a market capitalization of $10.19 billion, a PE ratio of 25.49 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The business has a 50-day moving average of $225.50 and a 200-day moving average of $239.04.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data 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. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm earned $1.82 EPS. Clean Harbors’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Institutional Trading of Clean Harbors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kapitalo Investimentos Ltda acquired a new position in Clean Harbors during the 4th quarter worth $32,000. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Clean Harbors by 2,650.0% during the fourth 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 last quarter. Allworth Financial LP grew its stake in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. increased its holdings in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Clean Harbors during the third quarter valued at approximately $56,000. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CLH shares. Oppenheimer lowered their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Robert W. Baird reduced their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. BMO Capital Markets lowered their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, TD Cowen assumed coverage on Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $270.56.

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.