Insider Selling: Clean Harbors, Inc. (NYSE:CLH) Director Sells 308 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 transaction of $75,478.48.
• On Friday, November 15th, Lauren States sold 308 shares of Clean Harbors stock. The shares were sold at an average price of $249.78, for a total transaction of $76,932.24.

Clean Harbors Trading Up 1.1 %

Shares of NYSE:CLH opened at $241.80 on Friday. The company has a 50 day moving average of $242.47 and a 200-day moving average of $241.15. The firm has a market cap of $13.03 billion, a P/E ratio of 31.48 and a beta of 1.24. Clean Harbors, Inc. has a twelve month low of $163.72 and a twelve month high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.68 earnings per share. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Institutional Trading of Clean Harbors

A number of institutional investors have recently made changes to their positions in CLH. Envestnet Asset Management Inc. raised its holdings in shares of Clean Harbors by 17.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 89,554 shares of the business services provider’s stock worth $20,253,000 after purchasing an additional 13,458 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Clean Harbors in the 2nd quarter worth approximately $56,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Clean Harbors by 19.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,828 shares of the business services provider’s stock worth $1,996,000 after purchasing an additional 1,467 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Clean Harbors by 4.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 7,541 shares of the business services provider’s stock worth $1,705,000 after purchasing an additional 343 shares in the last quarter. Finally, Waterloo Capital L.P. bought a new stake in shares of Clean Harbors in the 2nd quarter worth approximately $201,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CLH shares. Truist Financial lifted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Oppenheimer boosted their target price on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Needham & Company LLC reissued a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird reduced their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and an average price target of $269.44.

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.