Clean Harbors, Inc. (NYSE:CLH - Get Free Report) EVP Brian P. Weber sold 7,996 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares in the company, valued at approximately $12,502,193.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Clean Harbors Stock Performance
NYSE:CLH opened at $201.33 on Friday. The firm's fifty day simple moving average is $183.15 and its 200-day simple moving average is $171.44. The stock has a market cap of $10.86 billion, a PE ratio of 28.97 and a beta of 1.23. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02. Clean Harbors, Inc. has a fifty-two week low of $129.70 and a fifty-two week high of $202.58.
Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.44 earnings per share. Analysts expect that Clean Harbors, Inc. will post 7.35 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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Institutional investors have recently modified their holdings of the stock. Strs Ohio grew its holdings in Clean Harbors by 5.7% in the third quarter. Strs Ohio now owns 194,413 shares of the business services provider's stock valued at $32,536,000 after purchasing an additional 10,527 shares during the period. Deutsche Bank AG lifted its holdings in Clean Harbors by 3,711.0% in the 3rd quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider's stock worth $46,406,000 after buying an additional 270,009 shares in the last quarter. Zurich Insurance Group Ltd FI grew its stake in shares of Clean Harbors by 24.7% during the second quarter. Zurich Insurance Group Ltd FI now owns 605,540 shares of the business services provider's stock valued at $99,569,000 after acquiring an additional 119,944 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in shares of Clean Harbors by 521.4% in the third quarter. Glenmede Trust Co. NA now owns 55,630 shares of the business services provider's stock worth $9,310,000 after acquiring an additional 46,678 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Clean Harbors by 50.5% in the third quarter. Envestnet Asset Management Inc. now owns 84,226 shares of the business services provider's stock valued at $14,096,000 after purchasing an additional 28,255 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CLH has been the topic of a number of recent research reports. Needham & Company LLC upped their target price on shares of Clean Harbors from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Stifel Nicolaus restated a "buy" rating and issued a $206.00 price objective on shares of Clean Harbors in a report on Monday. Oppenheimer boosted their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the stock an "outperform" rating in a research note on Thursday, February 22nd. Truist Financial raised their price target on Clean Harbors from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Finally, BMO Capital Markets increased their price objective on Clean Harbors from $200.00 to $225.00 and gave the company an "outperform" rating in a report on Thursday. 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $196.00.
Check Out Our Latest Report on CLH
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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