Clean Harbors (NYSE:CLH) Hits New 12-Month High at $230.69

Shares of Clean Harbors, Inc. (NYSE:CLH) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $230.69 and last traded at $229.87, with a volume of 9452 shares trading hands. The stock had previously closed at $228.89.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CLH. BMO Capital Markets boosted their price target on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Raymond James boosted their price target on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $235.00 price target on shares of Clean Harbors in a research note on Thursday, May 2nd. Finally, Robert W. Baird boosted their price target on Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $216.40.

Clean Harbors Stock Down 1.2 %

The company has a market capitalization of $12.20 billion, a P/E ratio of 32.73 and a beta of 1.22. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $214.00 and a 200 day moving average price of $193.29.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the company earned $1.36 EPS. Clean Harbors’s revenue was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that Clean Harbors, Inc. will post 7.47 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the completion of the sale, the chief financial officer now directly owns 21,482 shares in the company, valued at $4,484,152.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the completion of the sale, the chief financial officer now directly owns 21,482 shares in the company, valued at approximately $4,484,152.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the sale, the insider now owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,348 shares of company stock worth $12,320,113. Insiders own 5.90% of the company’s stock.

Institutional Trading of Clean Harbors

A number of large investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its position in shares of Clean Harbors by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after purchasing an additional 182,622 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Clean Harbors by 5.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after purchasing an additional 78,848 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Clean Harbors by 1.2% during the 1st quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock worth $204,019,000 after purchasing an additional 12,411 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Clean Harbors by 9.4% during the 1st quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock worth $163,096,000 after purchasing an additional 69,578 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in Clean Harbors by 12.5% during the 4th quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock valued at $106,803,000 after purchasing an additional 67,809 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.