Short Interest in Clean Harbors, Inc. (NYSE:CLH) Declines By 6.2%

Clean Harbors, Inc. (NYSE:CLH – Get Rating) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 528,700 shares, a decline of 6.2% from the February 13th total of 563,800 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 332,100 shares, the days-to-cover ratio is presently 1.6 days.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Oppenheimer boosted their price objective on Clean Harbors from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, March 2nd. BMO Capital Markets boosted their price objective on Clean Harbors from $132.00 to $154.00 and gave the company an “outperform” rating in a research report on Thursday, March 2nd. Needham & Company LLC boosted their price target on Clean Harbors from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Finally, Raymond James boosted their price target on Clean Harbors from $150.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Sunday, March 5th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $145.00.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $136.40 on Wednesday. Clean Harbors has a 52 week low of $81.56 and a 52 week high of $140.69. The business’s fifty day simple moving average is $128.76 and its 200-day simple moving average is $120.93. The firm has a market cap of $7.38 billion, a PE ratio of 17.86 and a beta of 1.37. The company has a quick ratio of 1.68, a current ratio of 1.99 and a debt-to-equity ratio of 1.26.

Clean Harbors (NYSE:CLH – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The business services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.29 by $0.15. Clean Harbors had a return on equity of 22.03% and a net margin of 7.97%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company posted $0.89 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that Clean Harbors will post 6.84 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Sharon M. Gabriel sold 3,810 shares of Clean Harbors stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $138.92, for a total transaction of $529,285.20. Following the completion of the sale, the executive vice president now owns 29,554 shares of the company’s stock, valued at $4,105,641.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Clean Harbors news, Director Eugene G. Banucci sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $133.97, for a total value of $669,850.00. Following the completion of the transaction, the director now directly owns 20,618 shares of the company’s stock, valued at $2,762,193.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Sharon M. Gabriel sold 3,810 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $138.92, for a total value of $529,285.20. Following the completion of the transaction, the executive vice president now directly owns 29,554 shares of the company’s stock, valued at $4,105,641.68. The disclosure for this sale can be found here. Insiders sold 32,296 shares of company stock valued at $3,987,096 over the last quarter. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Clean Harbors

Several large investors have recently modified their holdings of CLH. Victory Capital Management Inc. lifted its stake in Clean Harbors by 20.1% during the 4th quarter. Victory Capital Management Inc. now owns 776,860 shares of the business services provider’s stock worth $88,655,000 after acquiring an additional 130,089 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Clean Harbors by 3.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 24,095 shares of the business services provider’s stock worth $2,750,000 after acquiring an additional 902 shares in the last quarter. Point72 Middle East FZE acquired a new position in Clean Harbors during the 4th quarter worth about $249,000. State of Wyoming lifted its stake in Clean Harbors by 15.2% during the 4th quarter. State of Wyoming now owns 1,649 shares of the business services provider’s stock worth $188,000 after acquiring an additional 217 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Clean Harbors by 93.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,459 shares of the business services provider’s stock worth $167,000 after acquiring an additional 704 shares in the last quarter. Institutional investors and hedge funds own 88.13% of the company’s stock.

Clean Harbors Company Profile

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Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and the Safety-Kleen Sustainability Solutions segments. The Environmental Services segment consists of the technical services, industrial services, field services, and oil, gas, and lodging businesses.