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 stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Clean Harbors Trading Down 0.3%

Shares of CLH stock opened at $309.61 on Thursday. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The firm’s 50 day moving average price is $297.13 and its two-hundred day moving average price is $289.99. The stock has a market cap of $16.34 billion, a price-to-earnings ratio of 37.57, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business earned $2.36 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts anticipate that Clean Harbors, Inc. will post 9.51 EPS for the current year.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in shares of Clean Harbors in the fourth quarter worth about $26,000. Quattro Advisors LLC acquired a new stake in Clean Harbors during the 4th quarter valued at approximately $26,000. MidFirst Bank acquired a new stake in Clean Harbors during the 4th quarter valued at approximately $28,000. Parkside Financial Bank & Trust increased its holdings in Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on CLH shares. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Robert W. Baird increased their target price on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Needham & Company LLC raised their target price on Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Citigroup boosted their price target on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, BMO Capital Markets upped their price target on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Two investment 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 company. According to MarketBeat.com, the stock 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.