Lauren States Sells 308 Shares of Clean Harbors, Inc. (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 308 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the transaction, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This represents a 2.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 value of $76,932.24.
• On Tuesday, October 15th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $260.74, for a total value of $80,307.92.

Clean Harbors Price Performance

Shares of CLH traded down $5.75 on Tuesday, hitting $241.72. The company’s stock had a trading volume of 85,895 shares, compared to its average volume of 294,270. The company has a market capitalization of $13.03 billion, a PE ratio of 32.21 and a beta of 1.22. Clean Harbors, Inc. has a fifty-two week low of $161.39 and a fifty-two week high of $267.11. The company has a 50 day moving average price of $252.33 and a 200 day moving average price of $239.55. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates 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 prior year, the firm posted $1.68 EPS. Clean Harbors’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on CLH. Stifel Nicolaus raised their target price on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. TD Cowen started coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Oppenheimer raised their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Truist Financial upped their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $271.00.

Institutional Investors Weigh In On Clean Harbors

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in shares of Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after purchasing an additional 100,394 shares in the last quarter. FMR LLC boosted its position in Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after buying an additional 187,140 shares during the last quarter. Janus Henderson Group PLC increased its stake 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 valued at $386,477,000 after buying an additional 7,948 shares during the period. State Street Corp raised its position in shares of Clean Harbors by 1.5% during the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock worth $365,070,000 after acquiring an additional 21,662 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after acquiring an additional 248,240 shares during the period. 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.