Insider Selling: Clean Harbors (NYSE:CLH) Director Sells $247,753.89 in Stock

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

Clean Harbors Price Performance

Shares of CLH traded down $0.81 during mid-day trading on Monday, hitting $312.07. 114,568 shares of the company traded hands, compared to its average volume of 516,779. 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 stock has a market capitalization of $16.47 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 2.06 and a beta of 0.86. The business has a 50-day moving average of $295.64 and a 200 day moving average of $288.93. Clean Harbors, Inc. has a one year low of $201.34 and a one year 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 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $2.36 EPS. As a group, equities analysts expect that Clean Harbors, Inc. will post 9.51 earnings per share for the current fiscal year.

Institutional Trading of Clean Harbors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. Norges Bank purchased a new position in shares of Clean Harbors in the 4th quarter worth about $152,195,000. Durable Capital Partners LP bought a new stake in shares of Clean Harbors in the third quarter valued at approximately $133,217,000. Two Sigma Investments LP boosted its holdings in Clean Harbors by 148.3% in the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock worth $89,287,000 after buying an additional 229,666 shares during the period. Janus Henderson Group PLC grew its stake in Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after buying an additional 215,659 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Clean Harbors by 3,782.7% during the fourth quarter. Corient Private Wealth LLC now owns 194,718 shares of the business services provider’s stock worth $45,657,000 after acquiring an additional 189,703 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Needham & Company LLC raised their price objective on shares of Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer reissued an “outperform” rating and set a $350.00 price objective on shares of Clean Harbors in a research note on Thursday. The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a research report on Wednesday. TD Cowen lifted their price objective on Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a report on Thursday. Finally, Citigroup raised their target price on shares of Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Clean Harbors has a consensus rating of “Moderate Buy” and an average price target of $354.57.

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.