Eric J. Dugas Sells 6,200 Shares of Clean Harbors, Inc. (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) CFO Eric J. Dugas sold 6,200 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the completion of the sale, the chief financial officer now directly owns 21,482 shares of the company’s stock, valued at approximately $4,484,152.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Clean Harbors Stock Performance

Shares of CLH stock opened at $213.35 on Wednesday. Clean Harbors, Inc. has a 52-week low of $132.92 and a 52-week high of $215.70. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. The stock has a market cap of $11.51 billion, a PE ratio of 30.88 and a beta of 1.24. The business has a 50-day simple moving average of $195.06 and a 200-day simple moving average of $178.17.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, equities analysts expect that Clean Harbors, Inc. will post 7.46 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV grew its position in shares of Clean Harbors by 4.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock valued at $259,000 after acquiring an additional 50 shares during the period. GAMMA Investing LLC grew its holdings in Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Clean Harbors by 0.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,573 shares of the business services provider’s stock valued at $1,845,000 after buying an additional 58 shares in the last quarter. Steph & Co. raised its stake in shares of Clean Harbors by 4.7% during the 3rd quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock worth $245,000 after buying an additional 66 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Clean Harbors by 2.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock valued at $503,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CLH. Truist Financial lifted their price target on shares of Clean Harbors from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Robert W. Baird lifted their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Oppenheimer lifted their price target on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. BMO Capital Markets lifted their price target on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $216.40.

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.