Clean Harbors, Inc. (NYSE:CLH) CFO Purchases $200,949.00 in Stock

Clean Harbors, Inc. (NYSE:CLH) CFO Eric J. Dugas purchased 1,050 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Clean Harbors Stock Performance

NYSE CLH opened at $192.42 on Wednesday. The company’s 50 day moving average is $226.20 and its 200-day moving average is $239.35. Clean Harbors, Inc. has a 12-month low of $185.22 and a 12-month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a market cap of $10.36 billion, a P/E ratio of 25.93 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds have recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Clean Harbors during the fourth quarter valued at approximately $182,000. Carolinas Wealth Consulting LLC grew its stake in Clean Harbors by 2,800.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider’s stock worth $60,000 after buying an additional 252 shares in the last quarter. Armis Advisers LLC purchased a new position in Clean Harbors in the 4th quarter worth approximately $327,000. Putney Financial Group LLC purchased a new position in Clean Harbors in the 4th quarter worth approximately $511,000. Finally, Toronto Dominion Bank purchased a new position in Clean Harbors in the 4th quarter worth approximately $3,295,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CLH. StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. BMO Capital Markets lowered their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Truist Financial lowered their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, TD Cowen initiated coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $270.56.

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.