Insider Selling: Clean Harbors, Inc. (NYSE:CLH) Director Sells $73,624.32 in Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now directly 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 document filed with the SEC, which is available at this link.

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

Clean Harbors Price Performance

Clean Harbors stock opened at $241.80 on Friday. Clean Harbors, Inc. has a 52-week low of $163.72 and a 52-week high of $267.11. The firm has a fifty day moving average of $242.47 and a 200-day moving average of $241.15. The firm has a market capitalization of $13.03 billion, a P/E ratio of 31.48 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $1.68 EPS. Clean Harbors’s revenue was up 12.0% on a year-over-year basis. As a group, analysts predict that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Robert W. Baird reduced their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer increased their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Truist Financial increased their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, TD Cowen started coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $269.44.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in shares of Clean Harbors by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares during the last quarter. FMR LLC increased its position in shares of Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Clean Harbors by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock worth $386,477,000 after purchasing an additional 7,948 shares during the last quarter. State Street Corp increased its position in shares of Clean Harbors by 1.5% in the 3rd quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock worth $365,070,000 after purchasing an additional 21,662 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Clean Harbors by 30.6% in the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after purchasing an additional 248,240 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

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.