Clean Harbors, Inc. (NYSE:CLH) Sees Significant Decline in Short Interest

Clean Harbors, Inc. (NYSE:CLH) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 1,233,427 shares, a decline of 18.6% from the January 15th total of 1,516,140 shares. Based on an average trading volume of 393,665 shares, the short-interest ratio is currently 3.1 days. Approximately 2.4% of the shares of the stock are short sold. Approximately 2.4% of the shares of the stock are short sold. Based on an average trading volume of 393,665 shares, the short-interest ratio is currently 3.1 days.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the transaction, the chief executive officer owned 50,454 shares in the company, valued at $12,154,368.60. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is currently owned by insiders.

Institutional Trading of Clean Harbors

A number of institutional investors have recently bought and sold shares of CLH. State Street Corp boosted its position in shares of Clean Harbors by 0.8% in the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after purchasing an additional 12,452 shares during the last quarter. Snyder Capital Management L P lifted its stake in Clean Harbors by 7.9% in the third quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider’s stock valued at $266,706,000 after buying an additional 83,638 shares during the period. Bessemer Group Inc. boosted its holdings in Clean Harbors by 8.6% during the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock worth $254,908,000 after buying an additional 87,322 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Clean Harbors by 120.8% during the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after buying an additional 569,388 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Clean Harbors by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock valued at $215,247,000 after acquiring an additional 11,020 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of NYSE:CLH opened at $268.19 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 2.09 and a debt-to-equity ratio of 1.00. Clean Harbors has a 1-year low of $178.29 and a 1-year high of $276.51. The stock has a market capitalization of $14.33 billion, a P/E ratio of 37.20 and a beta of 0.96. The business has a 50-day moving average price of $253.03 and a two-hundred day moving average price of $239.30.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CLH shares. Raymond James Financial cut their target price on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 30th. Citigroup upped their target price on shares of Clean Harbors from $263.00 to $274.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Wells Fargo & Company increased their target price on shares of Clean Harbors from $220.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. CJS Securities upgraded shares of Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Barclays decreased their price objective on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $262.17.

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.