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

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

Clean Harbors Trading Down 0.8 %

Shares of NYSE CLH opened at $239.83 on Thursday. The business’s 50 day moving average price is $235.23 and its 200-day moving average price is $217.02. 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 debt-to-equity ratio of 1.14, a quick ratio of 1.76 and a current ratio of 2.10. The company has a market cap of $12.94 billion, a price-to-earnings ratio of 35.09 and a beta of 1.20.

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

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new stake in shares of Clean Harbors in the second quarter valued at approximately $305,000. Clearbridge Investments LLC raised its position in Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after purchasing an additional 248,240 shares in the last quarter. Dana Investment Advisors Inc. grew its position in shares of Clean Harbors by 366.7% during the 2nd quarter. Dana Investment Advisors Inc. now owns 46,645 shares of the business services provider’s stock worth $10,549,000 after buying an additional 36,651 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Clean Harbors by 10.6% during the 2nd quarter. Cetera Investment Advisers now owns 16,626 shares of the business services provider’s stock worth $3,760,000 after buying an additional 1,597 shares in the last quarter. Finally, Ecofi Investissements SA bought a new stake in shares of Clean Harbors in the second quarter valued at about $6,213,000. 90.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CLH has been the subject of several research reports. The Goldman Sachs Group increased 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. Truist Financial increased their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Monday. Robert W. Baird raised their price objective on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $242.40.

Clean Harbors Company Profile

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.