Clean Harbors, Inc. (NYSE:CLH) Short Interest Update

by · The Cerbat Gem

Clean Harbors, Inc. (NYSE:CLH – Get Free Report) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 585,100 shares, an increase of 16.9% from the February 13th total of 500,300 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 427,100 shares, the short-interest ratio is presently 1.4 days.

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Clean Harbors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KBC Group NV boosted its position in shares of Clean Harbors by 17.0% during the 3rd quarter. KBC Group NV now owns 1,412 shares of the business services provider’s stock valued at $341,000 after acquiring an additional 205 shares during the last quarter. CIBC Asset Management Inc lifted its position in Clean Harbors by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 53 shares during the last quarter. Natixis Advisors LLC grew its stake in shares of Clean Harbors by 2.5% in the 3rd quarter. Natixis Advisors LLC now owns 86,993 shares of the business services provider’s stock worth $21,028,000 after buying an additional 2,116 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Clean Harbors by 18.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 75,803 shares of the business services provider’s stock worth $18,323,000 after buying an additional 11,639 shares during the last quarter. Finally, Pathstone Holdings LLC raised its position in shares of Clean Harbors by 1.3% during the 3rd quarter. Pathstone Holdings LLC now owns 5,893 shares of the business services provider’s stock valued at $1,424,000 after buying an additional 73 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CLH. Truist Financial reduced their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group lowered their target price on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. Robert W. Baird cut their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, Stifel Nicolaus decreased their target price on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $266.56.

View Our Latest Stock Report on Clean Harbors

Clean Harbors Price Performance

CLH traded up $2.47 during trading on Thursday, reaching $199.23. 189,106 shares of the company traded hands, compared to its average volume of 315,107. The company has a market cap of $10.73 billion, a P/E ratio of 26.81 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors has a 12-month low of $186.54 and a 12-month high of $267.11. The firm has a fifty day simple moving average of $221.86 and a 200 day simple moving average of $237.29.

Clean Harbors (NYSE:CLH – Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.82 EPS. Clean Harbors’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Clean Harbors will post 7.89 EPS for the current year.

Clean Harbors Company Profile

(Get Free Report)

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.

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