Key Points
- Clean Harbors director Lauren States sold 789 shares on May 26 at an average price of $286.19, totaling about $225,804. After the sale, she still held 11,359 shares worth roughly $3.25 million.
- The stock slipped 1.2% and opened at $283.23. Clean Harbors remains a large-cap company with a market value of about $14.97 billion and a 52-week range of $201.34 to $316.98.
- Recent results and analyst sentiment remain solid: the company beat quarterly EPS estimates, and analysts have a consensus rating of “Moderate Buy” with an average price target of $322.08.
Clean Harbors, Inc. (NYSE:CLH - Get Free Report) Director Lauren States sold 789 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director owned 11,359 shares of the company's stock, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Clean Harbors Stock Down 1.2%
Clean Harbors stock opened at $283.23 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $316.98. The firm has a 50 day moving average price of $295.68 and a two-hundred day moving average price of $267.38. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 38.38 and a beta of 0.92.
Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the business earned $1.09 EPS. The company's revenue was up 1.9% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 8.38 EPS for the current year.
Institutional Trading of Clean Harbors
Hedge funds have recently modified their holdings of the stock. Candriam S.C.A. increased its stake in shares of Clean Harbors by 36.4% in the 3rd quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider's stock valued at $15,992,000 after acquiring an additional 18,367 shares in the last quarter. JPMorgan Chase & Co. grew its position in Clean Harbors by 7.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider's stock valued at $51,059,000 after purchasing an additional 15,872 shares during the period. SG Americas Securities LLC grew its position in Clean Harbors by 57.4% in the 4th quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider's stock valued at $14,683,000 after purchasing an additional 22,827 shares during the period. Tudor Investment Corp ET AL grew its position in Clean Harbors by 86.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider's stock valued at $14,654,000 after purchasing an additional 29,176 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in Clean Harbors by 2.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider's stock valued at $86,963,000 after purchasing an additional 8,145 shares during the period. Institutional investors own 90.43% of the company's stock.
Analysts Set New Price Targets
Several research analysts have issued reports on CLH shares. Needham & Company LLC raised their price target on shares of Clean Harbors from $308.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price objective on shares of Clean Harbors from $309.00 to $313.00 and gave the company an "equal weight" rating in a research note on Thursday, May 7th. TD Cowen lifted their price objective on shares of Clean Harbors from $320.00 to $335.00 and gave the company a "buy" rating in a research note on Thursday, May 7th. Oppenheimer lifted their price objective on shares of Clean Harbors from $310.00 to $316.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets lifted their price objective on shares of Clean Harbors from $290.00 to $310.00 and gave the company an "outperform" rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $322.08.
Read Our Latest Stock Analysis on CLH
Clean Harbors Company Profile
(
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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