Clean Harbors, Inc. (NYSE:CLH) Director Sells $76,932.24 in Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $249.78, for a total transaction of $76,932.24. Following the completion of the transaction, the director now directly owns 12,842 shares in the company, valued at approximately $3,207,674.76. The trade was a 2.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, October 15th, Lauren States sold 308 shares of Clean Harbors stock. The shares were sold at an average price of $260.74, for a total value of $80,307.92.
• On Monday, September 16th, Lauren States sold 309 shares of Clean Harbors stock. The stock was sold at an average price of $244.09, for a total value of $75,423.81.

Clean Harbors Stock Down 1.4 %

Shares of NYSE:CLH traded down $3.40 during trading on Monday, hitting $243.99. The stock had a trading volume of 66,737 shares, compared to its average volume of 296,616. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $13.15 billion, a PE ratio of 31.90 and a beta of 1.20. The firm’s fifty day moving average is $249.02 and its 200 day moving average is $233.92. Clean Harbors, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the business earned $1.68 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. Analysts anticipate that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Institutional Trading of Clean Harbors

Several hedge funds and other institutional investors have recently made changes to their positions in CLH. Bleakley Financial Group LLC bought a new stake in Clean Harbors in the first quarter worth $219,000. Edgestream Partners L.P. grew its holdings in shares of Clean Harbors by 15.2% during the first quarter. Edgestream Partners L.P. now owns 3,813 shares of the business services provider’s stock valued at $768,000 after buying an additional 502 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Clean Harbors by 7.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,631 shares of the business services provider’s stock valued at $328,000 after acquiring an additional 111 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of Clean Harbors in the first quarter worth $889,000. Finally, Clearbridge Investments LLC lifted its holdings in shares of Clean Harbors by 9.4% during the first quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock valued at $163,096,000 after purchasing an additional 69,578 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Needham & Company LLC dropped their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 price target (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Robert W. Baird reduced their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $254.33.

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.