Insider Selling: Clean Harbors Inc (NYSE:CLH) CFO Sells $76,000.00 in Stock

Clean Harbors Inc (NYSE:CLH) CFO Michael Louis Battles sold 1,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $76.00, for a total transaction of $76,000.00. Following the completion of the transaction, the chief financial officer now owns 42,367 shares in the company, valued at approximately $3,219,892. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Michael Louis Battles also recently made the following trade(s):

  • On Thursday, June 20th, Michael Louis Battles sold 5,000 shares of Clean Harbors stock. The stock was sold at an average price of $70.09, for a total transaction of $350,450.00.

Shares of Clean Harbors stock opened at $75.41 on Thursday. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 59.85 and a beta of 1.59. The firm’s 50-day moving average is $73.16 and its 200 day moving average is $69.16. Clean Harbors Inc has a 1 year low of $46.21 and a 1 year high of $80.06. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.91 and a quick ratio of 1.59.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. Clean Harbors had a net margin of 2.53% and a return on equity of 7.46%. The company had revenue of $868.68 million for the quarter, compared to analysts’ expectations of $880.97 million. During the same quarter in the previous year, the business posted $0.54 EPS. Clean Harbors’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Clean Harbors Inc will post 1.93 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of CLH. Invesco Ltd. raised its position in Clean Harbors by 415.5% in the 2nd quarter. Invesco Ltd. now owns 1,143,316 shares of the business services provider’s stock worth $81,289,000 after buying an additional 921,510 shares during the last quarter. Victory Capital Management Inc. raised its position in Clean Harbors by 46.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,582,534 shares of the business services provider’s stock worth $113,198,000 after buying an additional 502,754 shares during the last quarter. Norges Bank purchased a new position in Clean Harbors in the 4th quarter worth about $23,484,000. Columbus Circle Investors purchased a new position in Clean Harbors in the 1st quarter worth about $26,089,000. Finally, TimesSquare Capital Management LLC raised its position in Clean Harbors by 26.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,696,082 shares of the business services provider’s stock worth $121,321,000 after buying an additional 353,925 shares during the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on CLH shares. TheStreet upgraded shares of Clean Harbors from a “c+” rating to a “b” rating in a research note on Wednesday, July 31st. Oppenheimer upgraded shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price target on the stock in a research note on Thursday, August 1st. CIBC upgraded shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price target on the stock in a research note on Thursday, August 1st. Robert W. Baird upped their price target on shares of Clean Harbors from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $81.25.

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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