Clean Harbors, Inc. (NYSE:CLH) CFO Sells $1,294,188.00 in Stock

Clean Harbors, Inc. (NYSE:CLH) CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the completion of the transaction, the chief financial officer now owns 21,482 shares in the company, valued at approximately $4,484,152.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Clean Harbors Stock Down 1.5 %

Shares of CLH stock opened at $210.15 on Thursday. The stock has a 50 day moving average of $195.64 and a 200-day moving average of $178.40. The firm has a market cap of $11.34 billion, a PE ratio of 30.41 and a beta of 1.24. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $215.70.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. On average, equities analysts predict that Clean Harbors, Inc. will post 7.46 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on CLH shares. Truist Financial boosted their target price on shares of Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Oppenheimer increased their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. BMO Capital Markets boosted their price target on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Robert W. Baird increased their price objective on Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $216.40.

Hedge Funds Weigh In On Clean Harbors

Several large investors have recently added to or reduced their stakes in CLH. Norges Bank bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $87,074,000. Deutsche Bank AG boosted its stake in Clean Harbors by 3,711.0% during the third quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock worth $46,406,000 after buying an additional 270,009 shares in the last quarter. Wellington Management Group LLP increased its holdings in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after buying an additional 182,622 shares during the period. Ameriprise Financial Inc. increased its holdings in Clean Harbors by 61.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock valued at $65,983,000 after buying an additional 150,251 shares during the period. Finally, DAVENPORT & Co LLC acquired a new position in shares of Clean Harbors in the 4th quarter valued at $23,999,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

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.