Clean Harbors, Inc. (NYSE:CLH) Director Sells $68,010.00 in Stock

Clean Harbors, Inc. (NYSE:CLHGet Rating) Director Lauren States sold 750 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $90.68, for a total value of $68,010.00. Following the completion of the sale, the director now owns 12,332 shares in the company, valued at approximately $1,118,265.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NYSE:CLH traded down $0.65 on Wednesday, hitting $90.44. 2,416 shares of the company’s stock were exchanged, compared to its average volume of 459,268. The firm’s 50-day moving average is $105.70 and its 200 day moving average is $101.92. The company has a market capitalization of $4.92 billion, a PE ratio of 21.95 and a beta of 1.58. Clean Harbors, Inc. has a 1-year low of $87.11 and a 1-year high of $118.89. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.61 and a current ratio of 1.98.

Clean Harbors (NYSE:CLHGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 5.44%. The business’s quarterly revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. On average, analysts anticipate that Clean Harbors, Inc. will post 4.47 EPS for the current fiscal year.

Several research firms recently issued reports on CLH. The Goldman Sachs Group upgraded Clean Harbors from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $120.00 in a report on Monday, April 4th. Robert W. Baird boosted their target price on Clean Harbors from $128.00 to $131.00 in a research note on Thursday, May 5th. Raymond James boosted their target price on Clean Harbors from $125.00 to $130.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 22nd. DA Davidson assumed coverage on Clean Harbors in a research note on Wednesday, March 30th. They set a “buy” rating and a $130.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Clean Harbors in a research note on Thursday, February 24th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and a consensus target price of $127.33.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new stake in shares of Clean Harbors in the 4th quarter valued at about $27,000. UMB Bank N A MO boosted its position in shares of Clean Harbors by 656.3% in the 1st quarter. UMB Bank N A MO now owns 242 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 210 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Clean Harbors in the 1st quarter valued at about $29,000. Captrust Financial Advisors boosted its position in shares of Clean Harbors by 97.8% in the 3rd quarter. Captrust Financial Advisors now owns 356 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 176 shares during the period. Finally, Huntington National Bank boosted its position in shares of Clean Harbors by 153.9% in the 1st quarter. Huntington National Bank now owns 391 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 237 shares during the period. 86.53% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Company Profile (Get Rating)

Clean Harbors, Inc provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

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