Clean Harbors, Inc. (NYSE:CLH) Director Sells $195,323.04 in Stock

Key Points

• Andrea Robertson, a director at Clean Harbors, recently sold 836 shares of the company's stock for approximately $195,323, reducing her ownership by 7.80% to a total of 9,888 shares.
• Clean Harbors reported an EPS of $2.36 for the last quarter, surpassing expectations by $0.03, although its revenue of $1.55 billion slightly missed analyst projections.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Clean Harbors, with an average price target of $263.40, reflecting optimism in the company's future growth potential.

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) Director Andrea Robertson sold 836 shares of Clean Harbors stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $233.64, for a total transaction of $195,323.04. Following the completion of the sale, the director owned 9,888 shares of the company's stock, valued at $2,310,232.32. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Clean Harbors Stock Performance

Shares of CLH traded down $0.94 during trading hours on Friday, reaching $241.16. 43,979 shares of the company traded hands, compared to its average volume of 422,786. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The stock has a market cap of $12.93 billion, a P/E ratio of 33.87 and a beta of 1.18. The stock's fifty day moving average is $230.45 and its 200 day moving average is $220.25. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the company earned $2.46 EPS. The company's quarterly revenue was down .2% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors have recently bought and sold shares of CLH. Hopwood Financial Services Inc. bought a new stake in Clean Harbors in the first quarter valued at about $30,000. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors during the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC boosted its holdings in Clean Harbors by 145.3% during the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider's stock valued at $43,000 after purchasing an additional 109 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Clean Harbors during the 1st quarter worth approximately $48,000. Finally, Quarry LP acquired a new stake in Clean Harbors in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CLH shares. Needham & Company LLC reduced their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Oppenheimer increased their price target on Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Raymond James Financial upped their price objective on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a report on Thursday, July 31st. Finally, Robert W. Baird lifted their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average target price of $263.40.

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.