Key Points
- Director sale: Clean Harbors Director Andrea Robertson sold 789 shares at an average price of $314.01, generating $247,753.89. Her remaining stake fell 8.08% to 8,979 shares.
- Strong quarterly results: Clean Harbors reported quarterly EPS of $3.22, beating estimates by $0.41, while revenue rose 11.9% year over year to $1.74 billion.
- Analyst sentiment remains positive: The company has a consensus “Moderate Buy” rating and an average price target of $354.57, above its opening price of $310.93.
Clean Harbors, Inc. (NYSE:CLH - Get Free Report) Director Andrea Robertson sold 789 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Clean Harbors Stock Down 0.6%
Shares of Clean Harbors stock opened at $310.93 on Tuesday. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The company has a market cap of $16.41 billion, a P/E ratio of 37.73, a PEG ratio of 2.06 and a beta of 0.86. The firm's 50 day moving average price is $296.12 and its 200-day moving average price is $289.34. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $335.94.
Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating analysts' consensus estimates of $2.81 by $0.41. The company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. Clean Harbors's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.36 earnings per share. On average, sell-side analysts predict that Clean Harbors, Inc. will post 9.51 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Clean Harbors in the fourth quarter worth about $152,195,000. Durable Capital Partners LP purchased a new position in Clean Harbors during the third quarter valued at approximately $133,217,000. Two Sigma Investments LP raised its position in Clean Harbors by 148.3% during the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider's stock valued at $89,287,000 after acquiring an additional 229,666 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Clean Harbors by 10.0% in the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider's stock valued at $557,146,000 after acquiring an additional 215,659 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in Clean Harbors by 3,782.7% in the fourth quarter. Corient Private Wealth LLC now owns 194,718 shares of the business services provider's stock valued at $45,657,000 after acquiring an additional 189,703 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently commented on CLH. UBS Group increased their price objective on Clean Harbors from $300.00 to $315.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. Robert W. Baird boosted their target price on Clean Harbors from $300.00 to $350.00 and gave the stock an "outperform" rating in a research note on Thursday, April 16th. Citigroup upped their target price on Clean Harbors from $349.00 to $376.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Bank of America set a $377.00 price target on Clean Harbors and gave the company a "buy" rating in a research note on Thursday. Finally, Oppenheimer restated an "outperform" rating and set a $350.00 price target on shares of Clean Harbors in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Clean Harbors has a consensus rating of "Moderate Buy" and an average price target of $354.57.
Get 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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