Clean Harbors (NYSE:CLH) Director Karyn Polito Acquires 125 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) Director Karyn Polito bought 125 shares of the business’s stock in a transaction that occurred on Thursday, October 29th. The shares were bought at an average price of $314.83 per share, with a total value of $39,353.75. Following the transaction, the director directly owned 4,252 shares in the company, valued at $1,338,657.16. This trade represents a 3.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Clean Harbors Trading Down 1.0%

NYSE:CLH traded down $3.00 during mid-day trading on Monday, hitting $299.12. The company had a trading volume of 13,101 shares, compared to its average volume of 489,628. The firm has a market cap of $15.77 billion, a P/E ratio of 30.19, a P/E/G ratio of 1.71 and a beta of 0.87. The business’s fifty day moving average is $315.93 and its two-hundred day moving average is $297.71. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.63 and a current ratio of 1.95. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 28th. The business services provider reported $3.93 earnings per share for the quarter, topping analysts’ consensus estimates of $3.26 by $0.67. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.73 billion. Clean Harbors had a net margin of 8.05% and a return on equity of 18.27%. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.21 earnings per share. As a group, research analysts expect that Clean Harbors, Inc. will post 10.23 earnings per share for the current year.

Institutional Trading of Clean Harbors

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Clean Harbors in the 2nd quarter worth $1,516,521,000. Jupiter Topco LLC acquired a new position in Clean Harbors in the second quarter valued at $477,570,000. Bank of America Corp DE acquired a new stake in shares of Clean Harbors during the 2nd quarter worth $142,801,000. William Blair Investment Management LLC purchased a new stake in Clean Harbors during the second quarter worth approximately $125,239,000. Finally, Bank of New York Mellon Corp acquired a new position in Clean Harbors during the 2nd quarter worth approximately $105,962,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CLH. BMO Capital Markets reaffirmed an “outperform” rating and issued a $364.00 price target on shares of Clean Harbors in a research note on Thursday, October 15th. Wall Street Zen lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Sunday. The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th. Bank of America set a $377.00 target price on shares of Clean Harbors and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Citigroup lifted their price objective on Clean Harbors from $376.00 to $378.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Moderate Buy” and an average target price of $365.21.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.