Clean Harbors (NYSE:CLH) Stock Price Down 6.2% After Insider Selling

Clean Harbors, Inc. (NYSE:CLH) shares traded down 6.2% on Wednesday after an insider sold shares in the company. The stock traded as low as $214.71 and last traded at $212.62. 120,876 shares were traded during mid-day trading, a decline of 64% from the average session volume of 337,289 shares. The stock had previously closed at $226.70.

Specifically, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the sale, the director now directly owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

CLH has been the topic of several recent analyst reports. Oppenheimer upped their target price on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Stifel Nicolaus boosted their price target on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Needham & Company LLC reiterated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, January 16th. TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Finally, Robert W. Baird reduced their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One investment 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 stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $269.44.

Clean Harbors Stock Performance

The firm has a market capitalization of $11.69 billion, a PE ratio of 28.29 and a beta of 1.24. The firm has a 50-day moving average price of $235.02 and a 200 day moving average price of $242.45. 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 earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. During the same period last year, the firm earned $1.82 earnings per share. Research analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Institutional Trading of Clean Harbors

Several institutional investors have recently modified their holdings of the stock. Creative Planning boosted its stake in Clean Harbors by 10.8% in the third quarter. Creative Planning now owns 3,147 shares of the business services provider’s stock valued at $761,000 after acquiring an additional 308 shares in the last quarter. Blue Trust Inc. increased its stake in Clean Harbors by 19.1% in the 3rd quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 61 shares in the last quarter. Raymond James & Associates increased its stake in Clean Harbors by 4.1% in the 3rd quarter. Raymond James & Associates now owns 92,034 shares of the business services provider’s stock valued at $22,246,000 after purchasing an additional 3,584 shares in the last quarter. Signaturefd LLC increased its stake in Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 52 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Clean Harbors by 8.0% during the third quarter. Private Advisor Group LLC now owns 1,502 shares of the business services provider’s stock valued at $363,000 after acquiring an additional 111 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.