Clean Harbors, Inc. (NYSE:CLH) Short Interest Update

Clean Harbors, Inc. (NYSE:CLH) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 566,700 shares, an increase of 7.7% from the May 31st total of 526,300 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 291,500 shares, the short-interest ratio is currently 1.9 days.

Clean Harbors Stock Up 2.2 %

CLH traded up $4.89 during trading on Wednesday, reaching $224.44. 172,021 shares of the stock traded hands, compared to its average volume of 318,176. The stock’s 50-day simple moving average is $214.88 and its two-hundred day simple moving average is $194.04. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.72. Clean Harbors has a fifty-two week low of $132.92 and a fifty-two week high of $231.15. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 32.31 and a beta of 1.21.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. As a group, equities research analysts expect that Clean Harbors will post 7.47 EPS for the current year.

Wall Street Analyst Weigh In

CLH has been the topic of a number of analyst reports. Robert W. Baird lifted 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. BMO Capital Markets boosted their price target on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Raymond James raised their price objective on shares of Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 2nd. Truist Financial boosted their target price on shares of Clean Harbors from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 target price on shares of Clean Harbors in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $216.40.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 1,148 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the sale, the director now directly owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Lauren States sold 1,148 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the sale, the director now owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric J. Dugas sold 6,200 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the transaction, the chief financial officer now owns 21,482 shares of the company’s stock, valued at approximately $4,484,152.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,348 shares of company stock valued at $12,320,113. Company insiders own 5.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Contravisory Investment Management Inc. bought a new stake in Clean Harbors during the fourth quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in shares of Clean Harbors during the 1st quarter worth $27,000. National Bank of Canada FI acquired a new position in Clean Harbors in the 4th quarter valued at $34,000. GAMMA Investing LLC raised its holdings in Clean Harbors by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after acquiring an additional 56 shares during the period. Finally, Blue Trust Inc. lifted its position in Clean Harbors by 52.4% during the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Company Profile

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.