Clean Harbors, Inc. (NYSE:CLH) Short Interest Update

Clean Harbors, Inc. (NYSE:CLH) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 905,338 shares, a decrease of 14.3% from the February 26th total of 1,056,774 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 512,172 shares, the days-to-cover ratio is presently 1.8 days.

Clean Harbors Stock Performance

Shares of NYSE CLH traded up $5.92 during midday trading on Tuesday, reaching $285.68. 244,556 shares of the company were exchanged, compared to its average volume of 510,123. The stock has a fifty day simple moving average of $277.17 and a 200 day simple moving average of $248.41. 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 stock has a market cap of $15.12 billion, a P/E ratio of 39.21 and a beta of 0.92. Clean Harbors has a 1 year low of $178.29 and a 1 year high of $298.12.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, research analysts forecast that Clean Harbors will post 7.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 4,683 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the sale, the executive vice president owned 48,728 shares of the company’s stock, valued at approximately $14,296,307.92. This trade represents a 8.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marcy L. 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 value of $240,717.84. Following the completion of the transaction, the director directly owned 5,081 shares of the company’s stock, valued at $1,463,023.14. This trade represents a 14.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 13,597 shares of company stock worth $3,895,286. 5.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CLH. Elyxium Wealth LLC purchased a new stake in Clean Harbors in the 4th quarter valued at approximately $26,000. Quattro Advisors LLC acquired a new position in Clean Harbors during the fourth quarter worth about $26,000. MidFirst Bank purchased a new stake in shares of Clean Harbors during the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust grew its holdings in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after acquiring an additional 80 shares during the period. Finally, Root Financial Partners LLC purchased a new position in Clean Harbors in the 3rd quarter valued at approximately $30,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CLH. Raymond James Financial restated a “strong-buy” rating and issued a $320.00 price objective on shares of Clean Harbors in a research note on Monday, February 23rd. Wells Fargo & Company upped their target price on Clean Harbors from $291.00 to $309.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 18th. Zacks Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Oppenheimer boosted their price objective on Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $299.27.

Clean Harbors Company Profile

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.