Clean Harbors, Inc. (NYSE:CLH) CFO Purchases $200,949.00 in Stock

Clean Harbors, Inc. (NYSE:CLH) CFO Eric J. Dugas bought 1,050 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the acquisition, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Clean Harbors Price Performance

CLH opened at $189.15 on Friday. The company has a fifty day moving average price of $225.50 and a two-hundred day moving average price of $239.04. The firm has a market capitalization of $10.19 billion, a PE ratio of 25.49 and a beta of 1.22. Clean Harbors, Inc. has a 52 week low of $186.54 and a 52 week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Institutional Trading of Clean Harbors

A number of hedge funds have recently modified their holdings of CLH. Janney Montgomery Scott LLC raised its holdings in Clean Harbors by 11.6% in the third quarter. Janney Montgomery Scott LLC now owns 7,003 shares of the business services provider’s stock worth $1,693,000 after purchasing an additional 728 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Clean Harbors by 19.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,812 shares of the business services provider’s stock valued at $680,000 after buying an additional 454 shares in the last quarter. Sigma Planning Corp raised its stake in Clean Harbors by 5.5% during the 3rd quarter. Sigma Planning Corp now owns 4,456 shares of the business services provider’s stock worth $1,077,000 after buying an additional 233 shares during the period. TimesSquare Capital Management LLC lifted its holdings in Clean Harbors by 6.8% during the third quarter. TimesSquare Capital Management LLC now owns 12,070 shares of the business services provider’s stock worth $2,917,000 after acquiring an additional 770 shares in the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in Clean Harbors by 25.6% in the third quarter. Crossmark Global Holdings Inc. now owns 4,208 shares of the business services provider’s stock valued at $1,017,000 after acquiring an additional 857 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price target on the stock. StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Needham & Company LLC reissued a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. BMO Capital Markets decreased their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Oppenheimer dropped their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $270.56.

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.