Stock Traders Purchase Large Volume of Clean Harbors Call Options (NYSE:CLH)

Clean Harbors, Inc. (NYSE:CLH) was the target of unusually large options trading on Monday. Stock traders acquired 754 call options on the stock. This represents an increase of approximately 1,060% compared to the typical volume of 65 call options.

Clean Harbors stock opened at $85.39 on Tuesday. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 39.72 and a beta of 1.72. The stock has a fifty day simple moving average of $82.11 and a two-hundred day simple moving average of $68.83. Clean Harbors has a 12 month low of $29.45 and a 12 month high of $86.94. The company has a current ratio of 2.33, a quick ratio of 1.99 and a debt-to-equity ratio of 1.19.

A number of research analysts have recently commented on the company. Raymond James upgraded Clean Harbors from a “market perform” rating to an “outperform” rating and set a $85.00 target price for the company in a research note on Tuesday, November 10th. Berenberg Bank upgraded Clean Harbors from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Thursday, January 21st. Needham & Company LLC lifted their price objective on Clean Harbors from $75.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, December 28th. They noted that the move was a valuation call. TheStreet upgraded Clean Harbors from a “c+” rating to a “b-” rating in a research note on Tuesday, November 17th. Finally, UBS Group upgraded Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $68.00 to $80.00 in a research note on Thursday, November 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $82.55.

In other news, CAO Eric J. Dugas sold 3,111 shares of the firm’s stock in a transaction that occurred on Friday, November 27th. The stock was sold at an average price of $74.65, for a total value of $232,236.15. Following the completion of the transaction, the chief accounting officer now owns 19,520 shares in the company, valued at approximately $1,457,168. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 7.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its holdings in shares of Clean Harbors by 318.2% in the 4th quarter. Captrust Financial Advisors now owns 460 shares of the business services provider’s stock worth $35,000 after purchasing an additional 350 shares in the last quarter. TD Ameritrade Investment Management LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth $57,000. Ellevest Inc. grew its holdings in shares of Clean Harbors by 42.6% in the third quarter. Ellevest Inc. now owns 1,812 shares of the business services provider’s stock worth $102,000 after acquiring an additional 541 shares during the period. LS Investment Advisors LLC bought a new stake in shares of Clean Harbors in the fourth quarter worth $202,000. Finally, US Bancorp DE grew its holdings in shares of Clean Harbors by 24.6% in the fourth quarter. US Bancorp DE now owns 2,687 shares of the business services provider’s stock worth $204,000 after acquiring an additional 531 shares during the period. 87.98% of the stock is owned by institutional investors and hedge funds.

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, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, which comprise collection, identification and categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

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