Clean Harbors, Inc. (NYSE:CLH) EVP Jeffrey Herbert Knapp Sells 503 Shares

Clean Harbors, Inc. (NYSE:CLH) EVP Jeffrey Herbert Knapp sold 503 shares of the stock in a transaction that occurred on Tuesday, November 23rd. The shares were sold at an average price of $109.22, for a total value of $54,937.66. The transaction was disclosed in a filing with the SEC, which is available at this link.

CLH traded up $0.65 during trading on Thursday, reaching $110.99. The company had a trading volume of 145,373 shares, compared to its average volume of 276,509. The stock has a market cap of $6.04 billion, a P/E ratio of 31.53 and a beta of 1.69. The business has a 50 day simple moving average of $107.71 and a 200-day simple moving average of $99.76. Clean Harbors, Inc. has a 52 week low of $71.50 and a 52 week high of $118.89. The company has a quick ratio of 2.10, a current ratio of 2.41 and a debt-to-equity ratio of 1.06.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, November 3rd. The business services provider reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The company had revenue of $951.50 million during the quarter, compared to the consensus estimate of $917.00 million. Clean Harbors had a return on equity of 13.38% and a net margin of 5.56%. Clean Harbors’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. As a group, equities research analysts expect that Clean Harbors, Inc. will post 3.41 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in Clean Harbors by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 598,051 shares of the business services provider’s stock worth $62,119,000 after purchasing an additional 12,111 shares during the period. Aurora Investment Counsel purchased a new stake in Clean Harbors in the third quarter worth $925,000. Captrust Financial Advisors increased its stake in Clean Harbors by 97.8% in the third quarter. Captrust Financial Advisors now owns 356 shares of the business services provider’s stock worth $37,000 after purchasing an additional 176 shares during the period. Janus Henderson Group PLC purchased a new stake in Clean Harbors in the third quarter worth $546,000. Finally, Jane Street Group LLC purchased a new stake in Clean Harbors in the third quarter worth $256,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

A number of research firms have recently commented on CLH. BMO Capital Markets increased their target price on Clean Harbors from $108.00 to $124.00 and gave the company an “outperform” rating in a research report on Tuesday, October 12th. Raymond James increased their target price on Clean Harbors from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, November 4th. Needham & Company LLC increased their target price on Clean Harbors from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, November 4th. Zacks Investment Research upgraded Clean Harbors from a “hold” rating to a “strong-buy” rating and set a $131.00 target price for the company in a research report on Tuesday, October 26th. Finally, CJS Securities upgraded Clean Harbors from a “market perform” rating to an “outperform” rating and set a $125.00 target price for the company in a research report on Tuesday, September 21st. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and an average target price of $117.63.

Clean Harbors Company Profile

Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and Safety-Kleen business segments. The Environmental Services segment consists of the technical services; industrial services; field services; and oil, gas, and lodging businesses.

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Insider Buying and Selling by Quarter for Clean Harbors (NYSE:CLH)

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