Clean Harbors, Inc. (NYSE:CLH) EVP Sells 861 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Clean Harbors Price Performance

NYSE CLH traded down $0.33 on Wednesday, reaching $259.62. The company’s stock had a trading volume of 157,480 shares, compared to its average volume of 296,400. Clean Harbors, Inc. has a twelve month low of $158.42 and a twelve month high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The stock has a market cap of $13.99 billion, a PE ratio of 33.55 and a beta of 1.20. The firm’s 50 day moving average is $250.51 and its two-hundred day moving average is $235.94.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company posted $1.68 earnings per share. Clean Harbors’s revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CLH shares. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reduced their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Truist Financial upped their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $254.33.

Institutional Investors Weigh In On Clean Harbors

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in Clean Harbors during the 2nd quarter worth about $25,000. UMB Bank n.a. raised its holdings in Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after buying an additional 83 shares during the period. Prospera Private Wealth LLC acquired a new stake in Clean Harbors during the 3rd quarter worth about $56,000. Brown Brothers Harriman & Co. acquired a new stake in Clean Harbors during the 2nd quarter worth about $56,000. Finally, CENTRAL TRUST Co raised its holdings in Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after buying an additional 160 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Company Profile

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.