Insider Selling: Clean Harbors, Inc. (NYSE:CLH) Insider Sells 2,725 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) insider Robert Speights sold 2,725 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the transaction, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Clean Harbors Trading Up 2.3 %

CLH stock traded up $4.28 during trading on Tuesday, reaching $192.42. 803,197 shares of the stock were exchanged, compared to its average volume of 471,625. The business has a 50 day moving average price of $226.95 and a 200-day moving average price of $239.72. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 25.93 and a beta of 1.22. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 1 year low of $185.22 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 EPS. On average, research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Hedge Funds Weigh In On Clean Harbors

Hedge funds have recently made changes to their positions in the stock. Kapitalo Investimentos Ltda acquired a new stake in shares of Clean Harbors during the fourth quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after buying an additional 159 shares in the last quarter. Allworth Financial LP raised its holdings in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. lifted its stake in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after acquiring an additional 205 shares during the last quarter. Finally, Prospera Private Wealth LLC acquired a new position in Clean Harbors during the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CLH shares. Robert W. Baird decreased their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets decreased their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Truist Financial dropped their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Oppenheimer decreased their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus dropped their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $270.56.

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.