Brian P. Weber Sells 3,035 Shares of Clean Harbors, Inc. (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) EVP Brian P. Weber sold 3,035 shares of Clean Harbors stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the transaction, the executive vice president now directly owns 54,548 shares of the company’s stock, valued at approximately $12,391,669.16. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $226.03 on Thursday. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The stock’s 50 day moving average is $220.76 and its 200-day moving average is $221.56. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 31.31 and a beta of 1.17.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $1.29 earnings per share. The business’s revenue was up 4.0% on a year-over-year basis. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hopwood Financial Services Inc. bought a new stake in Clean Harbors during the 1st quarter worth approximately $30,000. Kapitalo Investimentos Ltda purchased a new position in shares of Clean Harbors during the fourth quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after buying an additional 159 shares during the last quarter. Allworth Financial LP grew its holdings in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after buying an additional 103 shares in the last quarter. Finally, Assetmark Inc. raised its position in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Truist Financial reduced their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. UBS Group cut their target price on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Finally, Stifel Nicolaus decreased their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $257.67.

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.