Eric J. Dugas Sells 6,200 Shares of Clean Harbors, Inc. (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the sale, the chief financial officer now directly owns 21,482 shares of the company’s stock, valued at $4,484,152.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Clean Harbors Price Performance

Clean Harbors stock traded up $6.06 during mid-day trading on Monday, hitting $213.41. 101,065 shares of the company were exchanged, compared to its average volume of 325,282. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $213.97. The company has a market capitalization of $11.51 billion, a P/E ratio of 30.01 and a beta of 1.24. The business’s 50 day simple moving average is $193.88 and its two-hundred day simple moving average is $177.40. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.72.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company posted $1.36 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Analysts forecast that Clean Harbors, Inc. will post 7.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Clean Harbors during the 4th quarter valued at $2,710,000. LGT Group Foundation grew its stake in shares of Clean Harbors by 21.2% in the fourth quarter. LGT Group Foundation now owns 26,145 shares of the business services provider’s stock valued at $4,600,000 after buying an additional 4,571 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Clean Harbors by 12.5% during the 4th quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock valued at $106,803,000 after buying an additional 67,809 shares during the period. South Dakota Investment Council lifted its position in Clean Harbors by 62.3% during the 4th quarter. South Dakota Investment Council now owns 12,247 shares of the business services provider’s stock worth $2,137,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Strs Ohio boosted its holdings in Clean Harbors by 5.7% in the 3rd quarter. Strs Ohio now owns 194,413 shares of the business services provider’s stock worth $32,536,000 after acquiring an additional 10,527 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $220.00 target price on shares of Clean Harbors in a research note on Monday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $235.00 price objective on shares of Clean Harbors in a report on Thursday. Robert W. Baird upped their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Truist Financial upped their target price on shares of Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $216.40.

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.