Clean Harbors Inc (NYSE:CLH) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,420,000 shares, a growth of 10.1% from the December 15th total of 1,290,000 shares. Based on an average daily trading volume, of 323,200 shares, the days-to-cover ratio is presently 4.4 days. Approximately 2.8% of the shares of the stock are sold short.

CLH has been the subject of several analyst reports. Robert W. Baird raised their price objective on Clean Harbors from $95.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. ValuEngine lowered Clean Harbors from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. Finally, Jefferies Financial Group initiated coverage on Clean Harbors in a research note on Wednesday, November 27th. They issued an “underperform” rating and a $75.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $84.00.

In other news, CEO Alan S. Mckim sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $82.75, for a total value of $1,655,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,647,181 shares of the company’s stock, valued at approximately $301,804,227.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Eric J. Dugas sold 1,176 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $82.87, for a total value of $97,455.12. Following the completion of the sale, the chief accounting officer now directly owns 20,533 shares of the company’s stock, valued at $1,701,569.71. The disclosure for this sale can be found here. Insiders have sold a total of 38,759 shares of company stock valued at $3,226,136 in the last 90 days. 8.10% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. increased its holdings in Clean Harbors by 3.9% during the 2nd quarter. Prudential Financial Inc. now owns 32,212 shares of the business services provider’s stock worth $2,290,000 after purchasing an additional 1,220 shares during the period. LPL Financial LLC increased its holdings in shares of Clean Harbors by 3.9% in the 2nd quarter. LPL Financial LLC now owns 4,680 shares of the business services provider’s stock valued at $331,000 after acquiring an additional 175 shares during the period. Commonwealth Bank of Australia increased its holdings in shares of Clean Harbors by 31.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 7,100 shares of the business services provider’s stock valued at $504,000 after acquiring an additional 1,700 shares during the period. Meadow Creek Investment Management LLC increased its holdings in shares of Clean Harbors by 20.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 5,088 shares of the business services provider’s stock valued at $362,000 after acquiring an additional 848 shares during the period. Finally, United Capital Financial Advisers LLC increased its holdings in shares of Clean Harbors by 6.8% in the 2nd quarter. United Capital Financial Advisers LLC now owns 3,579 shares of the business services provider’s stock valued at $250,000 after acquiring an additional 228 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

Shares of CLH stock traded up $0.97 on Wednesday, reaching $82.64. 650,800 shares of the company’s stock were exchanged, compared to its average volume of 360,570. Clean Harbors has a 52 week low of $55.42 and a 52 week high of $88.01. The company has a current ratio of 1.91, a quick ratio of 1.60 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $4.56 billion, a PE ratio of 65.59 and a beta of 1.62. The company’s fifty day simple moving average is $84.28 and its 200 day simple moving average is $78.04.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. Clean Harbors had a return on equity of 8.01% and a net margin of 2.65%. The firm had revenue of $891.70 million during the quarter, compared to analyst estimates of $875.51 million. During the same period last year, the company earned $0.59 EPS. Clean Harbors’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts predict that Clean Harbors will post 1.9 earnings per share for the current fiscal year.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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