Andrea Robertson Sells 1,500 Shares of Clean Harbors Inc (CLH) Stock

Clean Harbors Inc (NYSE:CLH) Director Andrea Robertson sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $68.31, for a total value of $102,465.00. Following the completion of the sale, the director now owns 14,929 shares of the company’s stock, valued at $1,019,799.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Clean Harbors stock traded down $3.52 during mid-day trading on Thursday, hitting $64.52. The company’s stock had a trading volume of 323,391 shares, compared to its average volume of 458,192. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 195.52 and a beta of 1.06. Clean Harbors Inc has a 1 year low of $44.74 and a 1 year high of $72.50. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.73 and a current ratio of 2.09.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.16. Clean Harbors had a return on equity of 3.17% and a net margin of 3.69%. The company had revenue of $843.18 million for the quarter, compared to analysts’ expectations of $846.07 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. Analysts forecast that Clean Harbors Inc will post 1.01 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in CLH. Creative Planning acquired a new position in Clean Harbors during the third quarter worth $213,000. Brown Advisory Inc. acquired a new position in Clean Harbors during the first quarter worth $225,000. Oakbrook Investments LLC acquired a new position in Clean Harbors during the second quarter worth $239,000. IFP Advisors Inc lifted its stake in Clean Harbors by 131.9% during the third quarter. IFP Advisors Inc now owns 3,954 shares of the business services provider’s stock worth $283,000 after purchasing an additional 2,249 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Clean Harbors during the second quarter worth $322,000. Institutional investors own 94.74% of the company’s stock.

CLH has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price target (up from $70.00) on shares of Clean Harbors in a research report on Tuesday, September 25th. Needham & Company LLC upped their price target on Clean Harbors from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, October 1st. ValuEngine upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. BMO Capital Markets upped their price target on Clean Harbors from $65.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, August 2nd. Finally, UBS Group set a $56.00 price target on Clean Harbors and gave the company a “sell” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $66.13.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.

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