Short Interest in Clean Harbors, Inc. (NYSE:CLH) Rises By 7.7%

Clean Harbors, Inc. (NYSE:CLH) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 566,700 shares, an increase of 7.7% from the May 31st total of 526,300 shares. Based on an average daily volume of 291,500 shares, the short-interest ratio is presently 1.9 days. Currently, 1.1% of the shares of the stock are sold short.

Insider Activity at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 21,482 shares in the company, valued at $4,484,152.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Clean Harbors news, Director Lauren States sold 1,148 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the completion of the transaction, the director now directly owns 13,767 shares in the company, valued at $3,003,133.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eric J. Dugas sold 6,200 shares of Clean Harbors stock in a transaction dated Friday, May 3rd. The shares were 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 owns 21,482 shares in the company, valued at approximately $4,484,152.68. The disclosure for this sale can be found here. Insiders sold a total of 57,348 shares of company stock worth $12,320,113 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Clean Harbors

A number of large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of Clean Harbors by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after acquiring an additional 182,622 shares during the period. Janus Henderson Group PLC grew its stake in Clean Harbors by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock valued at $319,371,000 after acquiring an additional 78,848 shares during the last quarter. Bessemer Group Inc. increased its holdings in 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 valued at $204,019,000 after acquiring an additional 12,411 shares in the last quarter. Clearbridge Investments LLC raised its position in Clean Harbors by 9.4% during the first quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock worth $163,096,000 after acquiring an additional 69,578 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Clean Harbors by 12.5% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the subject of a number of research analyst reports. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd. Truist Financial upped their price objective on shares of Clean Harbors from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Robert W. Baird upped their price target on Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Raymond James lifted their price objective on Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 target price on shares of Clean Harbors in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $216.40.

Clean Harbors Stock Up 2.2 %

Shares of NYSE:CLH opened at $224.44 on Thursday. The firm has a market capitalization of $12.11 billion, a PE ratio of 32.48 and a beta of 1.21. Clean Harbors has a 1 year low of $132.92 and a 1 year high of $231.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.72. The firm’s 50-day moving average is $215.45 and its two-hundred day moving average is $194.25.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. Analysts predict that Clean Harbors will post 7.47 EPS for the current year.

About Clean Harbors

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.