Robert Speights Sells 610 Shares of Clean Harbors, Inc. (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) insider Robert Speights sold 610 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Clean Harbors Trading Down 0.1 %

Shares of CLH stock opened at $259.43 on Friday. Clean Harbors, Inc. has a 12-month low of $154.33 and a 12-month high of $267.11. The company has a market capitalization of $13.98 billion, a PE ratio of 33.78 and a beta of 1.20. The firm has a 50 day moving average price of $246.87 and a two-hundred day moving average price of $230.84. 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 quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business posted $1.68 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, analysts predict that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Analysts Set New Price Targets

CLH has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird cut their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. The Goldman Sachs Group raised their price target on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Truist Financial upped 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. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $254.33.

Institutional Investors Weigh In On Clean Harbors

Institutional investors have recently modified their holdings of the business. Innealta Capital LLC acquired a new stake in Clean Harbors in the 2nd quarter worth about $25,000. UMB Bank n.a. raised its position in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after buying an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Clean Harbors in the second quarter valued at approximately $56,000. CENTRAL TRUST Co grew its position in Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after buying an additional 160 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after acquiring an additional 173 shares during the period. 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.