Marcy Reed Sells 836 Shares of Clean Harbors (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) Director Marcy Reed sold 836 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total value of $240,717.84. Following the completion of the transaction, the director directly owned 5,081 shares in the company, valued at approximately $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Clean Harbors Stock Performance

Shares of CLH opened at $275.56 on Friday. The stock has a 50-day moving average of $274.41 and a two-hundred day moving average of $246.41. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $298.12. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The stock has a market cap of $14.58 billion, a P/E ratio of 37.85 and a beta of 0.93.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analyst Weigh In

CLH has been the subject of a number of recent research reports. CJS Securities raised shares of Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Barclays upped their price objective on shares of Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Needham & Company LLC raised their target price on shares of Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. BMO Capital Markets boosted their target price on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company upped their price target on shares of Clean Harbors from $291.00 to $309.00 and gave the company an “equal weight” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $299.27.

Institutional Investors Weigh In On Clean Harbors

Institutional investors have recently modified their holdings of the business. Elyxium Wealth LLC acquired a new position in Clean Harbors in the 4th quarter worth about $26,000. Quattro Advisors LLC purchased a new position in Clean Harbors during the fourth quarter worth approximately $26,000. MidFirst Bank acquired a new stake in Clean Harbors in the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust grew its holdings in Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in shares of Clean Harbors in the third quarter valued at approximately $30,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.