Clean Harbors, Inc. (NYSE:CLH) Insider Robert Speights Sells 610 Shares

Clean Harbors, Inc. (NYSE:CLH) insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Clean Harbors Trading Down 0.1 %

Shares of Clean Harbors stock opened at $259.43 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a fifty day simple moving average of $246.87 and a 200 day simple moving average of $230.84. Clean Harbors, Inc. has a 12-month low of $154.33 and a 12-month high of $267.11. The company has a market capitalization of $13.98 billion, a P/E ratio of 33.78 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share 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 firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $1.68 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Swedbank AB boosted its position in Clean Harbors by 83.3% in the second quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after purchasing an additional 50,000 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Clean Harbors during the first quarter valued at about $828,000. Driehaus Capital Management LLC increased its holdings in Clean Harbors by 17.1% during the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after buying an additional 18,058 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Clean Harbors by 25.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider’s stock worth $4,491,000 after acquiring an additional 4,554 shares during the period. Finally, Bridges Investment Management Inc. purchased a new position in Clean Harbors in the second quarter valued at about $729,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CLH. Stifel Nicolaus reissued a “buy” rating and set a $275.00 target price (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. The Goldman Sachs Group lifted their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Robert W. Baird reduced their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research 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. Finally, Truist Financial upped their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $254.33.

Clean Harbors Company Profile

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.