Clean Harbors, Inc. (NYSE:CLH) Director Lauren States Sells 308 Shares of 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 completion of the transaction, the director now owns 12,534 shares in the company, valued at approximately $3,071,582.04. This trade represents a 2.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 shares were sold at an average price of $260.74, for a total value of $80,307.92.

Clean Harbors Trading Down 3.2 %

Shares of Clean Harbors stock opened at $239.45 on Wednesday. The firm has a market capitalization of $12.91 billion, a PE ratio of 31.18 and a beta of 1.22. 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 firm’s 50 day moving average is $252.10 and its 200 day moving average is $239.71. Clean Harbors, Inc. has a 1 year low of $161.39 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results 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). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. Equities research analysts forecast that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC dropped their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Oppenheimer raised their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. TD Cowen initiated coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. 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. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $271.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in Clean Harbors in the 2nd quarter valued at approximately $25,000. UMB Bank n.a. raised its stake in Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after buying an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Clean Harbors in the 2nd quarter worth about $56,000. Prospera Private Wealth LLC acquired a new position in Clean Harbors in the third quarter valued at approximately $56,000. Finally, CENTRAL TRUST Co grew its holdings in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.