Insider Selling: Clean Harbors, Inc. (NYSE:CLH) Director Sells 836 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) Director Lauren States sold 836 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total transaction of $189,078.12. Following the sale, the director now directly owns 11,871 shares in the company, valued at approximately $2,684,864.07. This represents a 6.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Clean Harbors Stock Performance

Clean Harbors stock traded down $2.15 during mid-day trading on Wednesday, hitting $226.99. The company had a trading volume of 176,859 shares, compared to its average volume of 350,061. The company's fifty day moving average is $211.07 and its 200-day moving average is $224.49. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 30.59 and a beta of 1.19. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

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

Institutional Investors Weigh In On Clean Harbors

Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP boosted its position in Clean Harbors by 30.9% during the first quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider's stock worth $1,043,407,000 after purchasing an additional 1,249,704 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Clean Harbors by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after buying an additional 11,814 shares in the last quarter. Select Equity Group L.P. lifted its position in shares of Clean Harbors by 4.8% during the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock valued at $403,085,000 after buying an additional 80,436 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after buying an additional 697,630 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Clean Harbors by 0.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after buying an additional 13,167 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CLH has been the topic of several research analyst reports. Stifel Nicolaus dropped their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC dropped their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Truist Financial dropped their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird upped their target price on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, UBS Group dropped their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors Company Profile

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.