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 stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 16th, Lauren States sold 308 shares of Clean Harbors stock. The shares were sold at an average price of $245.06, for a total value of $75,478.48.
• On Friday, November 15th, Lauren States sold 308 shares of Clean Harbors stock. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24.

Clean Harbors Price Performance

Clean Harbors stock opened at $241.80 on Friday. The stock’s 50 day moving average price is $242.47 and its two-hundred day moving average price is $241.01. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 31.48 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a 52-week low of $163.72 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last posted 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). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business posted $1.68 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Institutional Trading of Clean Harbors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after acquiring an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors during the second quarter worth approximately $56,000. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors in the 3rd quarter worth $56,000. CENTRAL TRUST Co grew its position in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 160 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 87 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CLH shares. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Robert W. Baird lowered their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Truist Financial lifted their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. TD Cowen started coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. Finally, Oppenheimer boosted their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $269.44.

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.