Clean Harbors (NYSE:CLH) Director Andrea Robertson Sells 789 Shares

Clean Harbors, Inc. (NYSE:CLH) Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the sale, the director directly owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $310.93 on Tuesday. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $16.41 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 2.06 and a beta of 0.86. The business’s 50-day moving average price is $296.12 and its 200-day moving average price is $289.34. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $2.36 EPS. Sell-side analysts forecast that Clean Harbors, Inc. will post 9.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CLH. Weiss Ratings upgraded shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Robert W. Baird upped their price target on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Needham & Company LLC increased their price target on shares of Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets raised their price target on shares of Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Finally, Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and an average target price of $354.57.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. increased its holdings in Clean Harbors by 8.9% during the first quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock valued at $123,000 after buying an additional 35 shares during the period. NewEdge Advisors LLC lifted its holdings in Clean Harbors by 2.6% during the first quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider’s stock worth $572,000 after buying an additional 50 shares during the period. SkyView Investment Advisors LLC boosted its position in Clean Harbors by 2.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 53 shares in the last quarter. US Bancorp DE increased its holdings in shares of Clean Harbors by 16.9% in the 3rd quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 54 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of Clean Harbors by 2.9% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock valued at $608,000 after acquiring an additional 59 shares during the period. 90.43% of the stock is currently owned by institutional investors.

About Clean Harbors

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.