Clean Harbors Inc (NYSE:CLH) EVP Buys $24,999.00 in Stock

Clean Harbors Inc (NYSE:CLH) EVP Robert Speights purchased 641 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was purchased at an average cost of $39.00 per share, for a total transaction of $24,999.00. Following the acquisition, the executive vice president now owns 16,338 shares in the company, valued at $637,182. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Robert Speights also recently made the following trade(s):

  • On Wednesday, March 18th, Robert Speights purchased 1,275 shares of Clean Harbors stock. The stock was purchased at an average cost of $39.15 per share, for a total transaction of $49,916.25.
  • On Monday, March 16th, Robert Speights purchased 545 shares of Clean Harbors stock. The stock was purchased at an average cost of $45.97 per share, for a total transaction of $25,053.65.

Shares of CLH opened at $47.24 on Thursday. The firm’s 50-day moving average price is $68.96 and its 200-day moving average price is $78.19. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 24.39 and a beta of 1.61. The company has a current ratio of 1.95, a quick ratio of 1.65 and a debt-to-equity ratio of 1.32. Clean Harbors Inc has a 1-year low of $29.45 and a 1-year high of $88.40.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 26th. The business services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). The company had revenue of $871.00 million for the quarter, compared to the consensus estimate of $878.84 million. Clean Harbors had a net margin of 2.86% and a return on equity of 8.67%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. On average, research analysts forecast that Clean Harbors Inc will post 2.18 EPS for the current fiscal year.

A number of equities research analysts have issued reports on CLH shares. Stifel Nicolaus cut their price target on shares of Clean Harbors from $96.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Robert W. Baird reissued a “buy” rating on shares of Clean Harbors in a report on Monday, March 2nd. Goldman Sachs Group reissued a “neutral” rating and issued a $89.00 price target on shares of Clean Harbors in a report on Friday, February 28th. Finally, Jefferies Financial Group started coverage on shares of Clean Harbors in a report on Wednesday, November 27th. They issued an “underperform” rating and a $75.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Clean Harbors presently has an average rating of “Buy” and a consensus target price of $85.11.

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its stake in Clean Harbors by 6.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,877,635 shares of the business services provider’s stock worth $161,007,000 after acquiring an additional 106,633 shares in the last quarter. Credit Suisse AG raised its holdings in Clean Harbors by 5.4% in the fourth quarter. Credit Suisse AG now owns 617,164 shares of the business services provider’s stock worth $52,922,000 after buying an additional 31,834 shares during the last quarter. Columbus Circle Investors raised its holdings in Clean Harbors by 5.1% in the fourth quarter. Columbus Circle Investors now owns 577,245 shares of the business services provider’s stock worth $49,499,000 after buying an additional 27,778 shares during the last quarter. Geode Capital Management LLC raised its holdings in Clean Harbors by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 570,049 shares of the business services provider’s stock worth $48,881,000 after buying an additional 20,017 shares during the last quarter. Finally, Norges Bank purchased a new position in Clean Harbors in the fourth quarter worth about $46,957,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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