Clean Harbors Inc (NYSE:CLH) Director John T. Preston sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $50.93, for a total transaction of $254,650.00. Following the transaction, the director now owns 9,427 shares of the company’s stock, valued at $480,117.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Clean Harbors Inc (NYSE:CLH) traded down $2.19 during trading on Thursday, hitting $49.77. 130,426 shares of the stock traded hands, compared to its average volume of 321,935. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.94 and a current ratio of 2.29. The stock has a market cap of $2,952.48, a PE ratio of 193.52 and a beta of 1.08. Clean Harbors Inc has a 12-month low of $46.62 and a 12-month high of $61.62.
Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 28th. The business services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). The business had revenue of $747.40 million during the quarter, compared to analysts’ expectations of $720.50 million. Clean Harbors had a return on equity of 1.36% and a net margin of 3.42%. Clean Harbors’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) EPS. equities research analysts forecast that Clean Harbors Inc will post 0.71 EPS for the current year.
CLH has been the topic of a number of research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $65.00 target price (down previously from $70.00) on shares of Clean Harbors in a research note on Thursday, March 1st. Needham & Company LLC reissued a “buy” rating and issued a $63.00 price objective (down previously from $66.00) on shares of Clean Harbors in a research note on Thursday, March 1st. Canaccord Genuity reaffirmed a “hold” rating and set a $57.00 price target on shares of Clean Harbors in a research report on Thursday, January 18th. Zacks Investment Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $57.00 price objective on shares of Clean Harbors in a report on Thursday, March 1st. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Clean Harbors presently has a consensus rating of “Hold” and an average price target of $58.80.
A number of institutional investors have recently made changes to their positions in CLH. Ladenburg Thalmann Financial Services Inc. grew its holdings in Clean Harbors by 96.3% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,277 shares of the business services provider’s stock worth $122,000 after acquiring an additional 1,117 shares during the last quarter. Assetmark Inc. bought a new stake in shares of Clean Harbors during the 4th quarter valued at about $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Clean Harbors by 49.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,120 shares of the business services provider’s stock valued at $169,000 after purchasing an additional 1,039 shares in the last quarter. Zions Bancorporation bought a new stake in shares of Clean Harbors during the 3rd quarter valued at about $189,000. Finally, Stifel Financial Corp bought a new stake in shares of Clean Harbors during the 3rd quarter valued at about $211,000. 93.65% of the stock is currently owned by institutional investors and hedge funds.
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Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
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