Insider Selling: Clean Harbors Inc (NYSE:CLH) Insider Sells 11,318 Shares of Stock

Clean Harbors Inc (NYSE:CLH) insider Alan S. Mckim sold 11,318 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $65.30, for a total value of $739,065.40. Following the completion of the transaction, the insider now directly owns 3,648,540 shares of the company’s stock, valued at $238,249,662. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NYSE:CLH traded up $1.11 during mid-day trading on Friday, hitting $71.10. 498,445 shares of the company’s stock traded hands, compared to its average volume of 260,491. The stock has a fifty day moving average of $67.38. Clean Harbors Inc has a twelve month low of $46.21 and a twelve month high of $77.24. The company has a market cap of $3.97 billion, a P/E ratio of 56.43 and a beta of 1.61. The company has a quick ratio of 1.59, a current ratio of 1.92 and a debt-to-equity ratio of 1.33.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The business had revenue of $780.80 million for the quarter, compared to the consensus estimate of $792.78 million. Clean Harbors had a return on equity of 7.01% and a net margin of 2.38%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) EPS. Analysts expect that Clean Harbors Inc will post 1.82 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new stake in shares of Clean Harbors in the fourth quarter worth about $30,000. Quantamental Technologies LLC purchased a new stake in shares of Clean Harbors in the fourth quarter worth about $34,000. Enlightenment Research LLC purchased a new stake in shares of Clean Harbors in the fourth quarter worth about $35,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Clean Harbors by 148.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 761 shares of the business services provider’s stock worth $54,000 after buying an additional 455 shares during the last quarter. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Clean Harbors in the first quarter worth about $56,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

CLH has been the subject of several recent research reports. UBS Group boosted their price target on Clean Harbors from $70.00 to $73.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. TheStreet raised Clean Harbors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $75.40.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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Insider Buying and Selling by Quarter for Clean Harbors (NYSE:CLH)

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