Key Points
- Marcy Reed sold 836 shares of Clean Harbors on March 18 at an average price of $287.94 for proceeds of $240,717.84, reducing her stake by 14.13% to 5,081 shares (SEC filing disclosed).
- Clean Harbors beat quarterly estimates with EPS of $1.62 and revenue of $1.50B (up 4.8% y/y); analysts rate the stock a "Moderate Buy" on average with a consensus target near $299 and several firms raising targets to about $310.
Clean Harbors, Inc. (NYSE:CLH - Get Free Report) Director Marcy Reed sold 836 shares of the company's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total transaction of $240,717.84. Following the sale, the director owned 5,081 shares in the company, valued at $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Clean Harbors Stock Down 0.6%
CLH opened at $289.33 on Friday. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $298.12. The company has a market cap of $15.31 billion, a PE ratio of 39.74 and a beta of 0.93. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The company has a 50 day moving average of $273.98 and a 200 day moving average of $246.18.
Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business posted $1.55 earnings per share. The business's quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.
Analyst Ratings Changes
CLH has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on Clean Harbors from $290.00 to $310.00 and gave the stock an "outperform" rating in a report on Wednesday, February 18th. Zacks Research upgraded Clean Harbors from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 13th. Truist Financial increased their price target on shares of Clean Harbors from $250.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Robert W. Baird set a $300.00 price objective on shares of Clean Harbors in a research report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Clean Harbors in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $299.27.
View Our Latest Analysis on Clean Harbors
Hedge Funds Weigh In On Clean Harbors
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quattro Advisors LLC purchased a new stake in shares of Clean Harbors in the 4th quarter valued at about $26,000. Elyxium Wealth LLC bought a new stake in shares of Clean Harbors during the 4th quarter valued at about $26,000. Parkside Financial Bank & Trust grew its holdings in shares of Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider's stock worth $28,000 after purchasing an additional 80 shares in the last quarter. MidFirst Bank purchased a new position in shares of Clean Harbors during the fourth quarter worth about $28,000. Finally, Root Financial Partners LLC bought a new position in shares of Clean Harbors in the third quarter worth approximately $30,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.
About Clean Harbors
(
Get Free Report)
Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.
Founded in 1980 by Alan S.
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