Clean Harbors, Inc. (NYSE:CLH) Director Sells $199,755.17 in Stock

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) Director Alison A. Quirk sold 893 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $223.69, for a total transaction of $199,755.17. Following the sale, the director now directly owns 2,978 shares of the company's stock, valued at $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Clean Harbors Price Performance

Clean Harbors stock traded up $0.15 during mid-day trading on Friday, hitting $224.88. The company's stock had a trading volume of 32,286 shares, compared to its average volume of 348,325. The stock has a market capitalization of $12.05 billion, a P/E ratio of 30.31 and a beta of 1.19. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The stock's fifty day moving average price is $214.89 and its two-hundred day moving average price is $223.34. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.29 earnings per share. Research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Hedge Funds Weigh In On Clean Harbors

Institutional investors and hedge funds have recently modified their holdings of the stock. Hopwood Financial Services Inc. acquired a new stake in shares of Clean Harbors during the 1st quarter valued at about $30,000. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors in the fourth quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ lifted its stake in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after acquiring an additional 159 shares during the last quarter. Allworth Financial LP grew its position in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after purchasing an additional 205 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Oppenheimer decreased their price target on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. BMO Capital Markets reduced their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group lowered their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $257.67.

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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