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

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $249.78, for a total value of $76,932.24. Following the transaction, the director now owns 12,842 shares in the company, valued at $3,207,674.76. This represents a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, October 15th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92.
• On Monday, September 16th, Lauren States sold 309 shares of Clean Harbors stock. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $243.58 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a one year low of $158.42 and a one year high of $267.11. The company’s fifty day moving average is $249.19 and its two-hundred day moving average is $234.19. The firm has a market capitalization of $13.13 billion, a P/E ratio of 31.72 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company had revenue of $1.53 billion for 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 quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 earnings per share. Analysts forecast that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Clean Harbors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bleakley Financial Group LLC acquired a new stake in Clean Harbors in the 1st quarter valued at about $219,000. Edgestream Partners L.P. grew its position in shares of Clean Harbors by 15.2% in the first quarter. Edgestream Partners L.P. now owns 3,813 shares of the business services provider’s stock valued at $768,000 after purchasing an additional 502 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Clean Harbors by 7.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,631 shares of the business services provider’s stock valued at $328,000 after purchasing an additional 111 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of Clean Harbors during the 1st quarter worth approximately $889,000. Finally, Clearbridge Investments LLC raised its position in shares of Clean Harbors by 9.4% during the 1st quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock worth $163,096,000 after purchasing an additional 69,578 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented 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, October 31st. Needham & Company LLC reduced their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Oppenheimer upped their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Truist Financial raised their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and an average price target of $254.33.

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.