Brian P. Weber Sells 2,519 Shares of Clean Harbors, Inc. (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) EVP Brian P. Weber sold 2,519 shares of the business’s stock in a transaction dated Friday, September 10th. The shares were sold at an average price of $101.42, for a total transaction of $255,476.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

CLH stock opened at $98.82 on Wednesday. The company has a 50 day simple moving average of $97.97 and a 200 day simple moving average of $92.73. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 29.86 and a beta of 1.75. Clean Harbors, Inc. has a 1 year low of $52.22 and a 1 year high of $105.51. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.36 and a quick ratio of 2.06.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, August 4th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.38. Clean Harbors had a net margin of 5.53% and a return on equity of 12.86%. The business had revenue of $926.46 million during the quarter, compared to analysts’ expectations of $847.51 million. During the same period in the prior year, the company earned $0.52 EPS. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 3.25 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Clean Harbors by 2.6% in the 1st quarter. BlackRock Inc. now owns 4,295,300 shares of the business services provider’s stock valued at $361,063,000 after acquiring an additional 108,548 shares during the period. Impax Asset Management Group plc increased its position in Clean Harbors by 6.9% in the 2nd quarter. Impax Asset Management Group plc now owns 1,459,796 shares of the business services provider’s stock valued at $134,686,000 after acquiring an additional 93,760 shares during the period. State Street Corp increased its position in Clean Harbors by 6.9% in the 2nd quarter. State Street Corp now owns 1,265,753 shares of the business services provider’s stock valued at $117,892,000 after acquiring an additional 82,018 shares during the period. Credit Suisse AG increased its position in Clean Harbors by 7.6% in the 1st quarter. Credit Suisse AG now owns 1,124,124 shares of the business services provider’s stock valued at $94,493,000 after acquiring an additional 79,754 shares during the period. Finally, Invesco Ltd. increased its position in Clean Harbors by 3.5% in the 2nd quarter. Invesco Ltd. now owns 1,080,373 shares of the business services provider’s stock valued at $100,625,000 after acquiring an additional 36,993 shares during the period. Hedge funds and other institutional investors own 87.65% of the company’s stock.

Several brokerages have recently commented on CLH. Zacks Investment Research upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Thursday, July 8th. Needham & Company LLC boosted their target price on shares of Clean Harbors from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 5th. Robert W. Baird boosted their target price on shares of Clean Harbors from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, August 5th. Finally, Raymond James boosted their target price on shares of Clean Harbors from $107.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 5th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $97.00.

About Clean Harbors

Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and Safety-Kleen business segments. The Environmental Services segment consists of the technical services; industrial services; field services; and oil, gas, and lodging businesses.

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