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 the firm's stock in a transaction dated 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 transaction, the director directly owned 9,888 shares in the company, valued at approximately $2,310,232.32. The trade was a 7.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Clean Harbors Price Performance

Shares of CLH traded up $1.71 during mid-day trading on Monday, reaching $235.88. 199,037 shares of the stock traded hands, compared to its average volume of 423,461. The firm has a fifty day moving average price of $229.36 and a 200 day moving average price of $219.98. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 33.12 and a beta of 1.18. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, beating analysts' consensus estimates of $2.33 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 EPS. As a group, equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Institutional Trading of Clean Harbors

A number of hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in shares of Clean Harbors by 30.9% during the 1st quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider's stock worth $1,043,407,000 after acquiring an additional 1,249,704 shares during the last quarter. Select Equity Group L.P. raised its stake in Clean Harbors by 4.8% in the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after buying an additional 80,436 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Clean Harbors by 0.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after purchasing an additional 13,167 shares during the period. Bessemer Group Inc. grew its holdings in Clean Harbors by 0.9% in the fourth quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider's stock worth $252,042,000 after purchasing an additional 9,595 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Clean Harbors by 127.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 899,566 shares of the business services provider's stock valued at $177,304,000 after buying an additional 504,290 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on CLH. Raymond James Financial lifted their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research report on Thursday. Truist Financial dropped their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the stock an "outperform" rating in a research report on Thursday. Needham & Company LLC decreased their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Oppenheimer raised their price target on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.

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