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 on Friday, November 15th. The shares were sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the sale, the director now owns 12,842 shares of the company’s stock, valued at approximately $3,207,674.76. The trade was a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction of $80,307.92.
• On Monday, September 16th, Lauren States sold 309 shares of Clean Harbors stock. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81.

Clean Harbors Price Performance

CLH opened at $246.62 on Wednesday. The stock’s 50-day moving average price is $249.34 and its 200 day moving average price is $234.46. Clean Harbors, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 32.11 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Wall Street Analyst Weigh In

CLH has been the subject of a number of recent analyst reports. Robert W. Baird cut their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Needham & Company LLC cut their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus restated a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. The Goldman Sachs Group increased their price target on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Oppenheimer boosted their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One investment 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $254.33.

Institutional Investors Weigh In On Clean Harbors

Hedge funds have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC purchased a new stake in shares of Clean Harbors during the first quarter worth $219,000. Edgestream Partners L.P. grew its stake in Clean Harbors by 15.2% during the 1st quarter. Edgestream Partners L.P. now owns 3,813 shares of the business services provider’s stock worth $768,000 after purchasing an additional 502 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Clean Harbors by 7.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,631 shares of the business services provider’s stock worth $328,000 after purchasing an additional 111 shares during the period. Seven Eight Capital LP purchased a new stake in Clean Harbors during the 1st quarter worth about $889,000. Finally, Clearbridge Investments LLC raised its position in Clean Harbors by 9.4% in the 1st quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock valued at $163,096,000 after purchasing an additional 69,578 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.