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 business’s 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 owns 21,482 shares in the company, valued at $4,484,152.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Clean Harbors Stock Performance

Shares of CLH stock opened at $213.35 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.72. The company’s fifty day moving average price is $195.06 and its two-hundred day moving average price is $178.17. The firm has a market capitalization of $11.51 billion, a P/E ratio of 30.88 and a beta of 1.24. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $215.70.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, topping 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 company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $1.36 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that Clean Harbors, Inc. will post 7.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CLH has been the topic of several analyst reports. Truist Financial raised their price target on shares of Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Robert W. Baird upped their price target on Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Raymond James lifted their price objective on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 2nd. Finally, Oppenheimer boosted their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors currently has an average rating of “Buy” and an average price target of $216.40.

Hedge Funds Weigh In On Clean Harbors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new position in Clean Harbors during the 1st quarter worth $27,000. Contravisory Investment Management Inc. acquired a new stake in Clean Harbors in the fourth quarter worth about $25,000. Millburn Ridgefield Corp bought a new position in Clean Harbors in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new position in Clean Harbors during the 3rd quarter valued at about $25,000. Finally, GAMMA Investing LLC raised its position in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after buying an additional 56 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

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.