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 business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now owns 12,226 shares in the company, valued at $2,922,503.04. The trade was a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 16th, Lauren States sold 308 shares of Clean Harbors stock. The shares were sold at an average price of $245.06, for a total value of $75,478.48.
• On Friday, November 15th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24.

Clean Harbors Trading Up 1.0 %

Shares of CLH opened at $239.47 on Friday. The stock’s 50-day moving average is $242.84 and its two-hundred day moving average is $240.86. The stock has a market cap of $12.91 billion, a PE ratio of 31.18 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 12 month low of $162.62 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 earnings per share. Equities analysts forecast that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Clean Harbors by 17.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 89,554 shares of the business services provider’s stock worth $20,253,000 after buying an additional 13,458 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Clean Harbors during the 2nd quarter worth about $56,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Clean Harbors by 19.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,828 shares of the business services provider’s stock valued at $1,996,000 after acquiring an additional 1,467 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Clean Harbors by 4.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,541 shares of the business services provider’s stock worth $1,705,000 after buying an additional 343 shares during the period. Finally, Waterloo Capital L.P. acquired a new stake in Clean Harbors during the 2nd quarter worth about $201,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CLH shares. Truist Financial upped their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Robert W. Baird dropped their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, TD Cowen initiated coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $269.44.

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.