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

Clean Harbors, Inc. (NYSE:CLH) EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at $15,507,703.26. The trade was a 1.43 % decrease in their position. 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 $257.70 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The firm has a market capitalization of $13.89 billion, a PE ratio of 33.55 and a beta of 1.20. Clean Harbors, Inc. has a 1-year low of $158.42 and a 1-year high of $267.11. The business’s fifty day moving average price is $250.51 and its two-hundred day moving average price is $235.94.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 EPS. On average, research analysts expect that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CLH shares. Truist Financial raised 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. Robert W. Baird decreased their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Needham & Company LLC decreased their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $254.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Clearbridge Investments LLC increased its position in Clean Harbors by 30.6% in the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after acquiring an additional 248,240 shares during the period. Lazard Freres Gestion S.A.S. acquired a new position in shares of Clean Harbors during the second quarter valued at $42,968,000. FMR LLC raised its stake in shares of Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after purchasing an additional 187,140 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after purchasing an additional 90,756 shares during the period. Institutional investors own 90.43% of the company’s stock.

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.