Clean Harbors, Inc. (NYSE:CLH) CEO Michael Louis Battles Sells 10,000 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Clean Harbors Stock Down 1.0 %

CLH stock opened at $241.98 on Wednesday. The stock has a market cap of $13.05 billion, a PE ratio of 35.02 and a beta of 1.20. The firm’s 50-day simple moving average is $234.80 and its 200 day simple moving average is $216.62. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $247.52. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.21 by $0.25. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. Clean Harbors’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.13 earnings per share. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Institutional Trading of Clean Harbors

Several hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in shares of Clean Harbors during the second quarter valued at $25,000. Rise Advisors LLC acquired a new position in Clean Harbors during the 1st quarter valued at about $27,000. GAMMA Investing LLC raised its position in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after buying an additional 56 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Clean Harbors in the 4th quarter worth approximately $34,000. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Clean Harbors in the second quarter valued at approximately $56,000. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CLH shares. Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Truist Financial raised their price objective on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Oppenheimer boosted their target price on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Robert W. Baird raised their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $242.40.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.