Insider Selling: Clean Harbors (NYSE:CLH) Director Sells 789 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $286.11 on Wednesday. The business’s fifty day moving average price is $295.80 and its two-hundred day moving average price is $266.83. The stock has a market cap of $15.12 billion, a PE ratio of 38.77 and a beta of 0.92. 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 one year low of $201.34 and a one year high of $316.98.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.Clean Harbors’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.09 EPS. On average, analysts forecast that Clean Harbors, Inc. will post 8.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. TD Cowen raised their price objective on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. BMO Capital Markets raised their price objective on Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Citigroup upgraded Clean Harbors from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $302.00 to $346.00 in a report on Wednesday, April 8th. Needham & Company LLC raised their price objective on Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group raised their price objective on Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.08.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CLH. Integrated Wealth Concepts LLC raised its position in shares of Clean Harbors by 102.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after buying an additional 1,109 shares during the period. Jones Financial Companies Lllp raised its position in shares of Clean Harbors by 47.7% in the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after buying an additional 196 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Clean Harbors by 12.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after buying an additional 5,884 shares during the period. Russell Investments Group Ltd. raised its position in shares of Clean Harbors by 65.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock worth $1,118,000 after buying an additional 1,908 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of Clean Harbors by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after buying an additional 60 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

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.