Clean Harbors, Inc. (NYSE:CLH - Get Free Report) EVP Brian Weber sold 4,683 shares of the business's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total value of $1,373,945.37. Following the sale, the executive vice president owned 48,728 shares in the company, valued at approximately $14,296,307.92. This represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Clean Harbors Stock Up 0.3%
Shares of CLH stock opened at $290.28 on Wednesday. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $298.12. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The stock has a fifty day moving average price of $272.19 and a 200 day moving average price of $245.56. The stock has a market cap of $15.36 billion, a P/E ratio of 39.87 and a beta of 0.92.
Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. Analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.
Institutional Trading of Clean Harbors
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC lifted its position in Clean Harbors by 152.9% during the 4th quarter. Corient Private Wealth LLC now owns 12,682 shares of the business services provider's stock worth $2,975,000 after buying an additional 7,667 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Clean Harbors by 309.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 409 shares of the business services provider's stock worth $96,000 after acquiring an additional 309 shares during the last quarter. MidFirst Bank acquired a new stake in Clean Harbors in the 4th quarter valued at about $28,000. Kera Capital Partners Inc. acquired a new stake in Clean Harbors in the 4th quarter valued at about $781,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Clean Harbors by 69,453.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 34,081 shares of the business services provider's stock worth $7,992,000 after acquiring an additional 34,032 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. UBS Group increased their price target on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a "neutral" rating in a research report on Thursday, March 12th. Barclays lifted their price objective on Clean Harbors from $230.00 to $280.00 and gave the company an "equal weight" rating in a report on Monday, February 23rd. Zacks Research raised Clean Harbors from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 13th. Needham & Company LLC raised their target price on Clean Harbors from $290.00 to $308.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Finally, CJS Securities raised Clean Harbors to a "strong-buy" rating in a research note on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $297.64.
Read Our Latest Analysis on CLH
About Clean Harbors
(
Get Free Report)
Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.
Founded in 1980 by Alan S.
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