Clean Harbors, Inc. (NYSE:CLH) EVP Sells $224,987.91 in Stock

Clean Harbors, Inc. (NYSE:CLH) EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Clean Harbors Stock Down 0.9 %

Shares of Clean Harbors stock opened at $257.70 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11. The stock has a 50-day moving average price of $250.51 and a 200 day moving average price of $235.94. The company has a market cap of $13.89 billion, a P/E ratio of 33.55 and a beta of 1.20.

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

Institutional Trading of Clean Harbors

Institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of Clean Harbors in the 2nd quarter valued at $25,000. UMB Bank n.a. lifted its position in shares of Clean Harbors by 63.4% in the third 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 last quarter. Prospera Private Wealth LLC acquired a new stake in shares of Clean Harbors in the third quarter worth about $56,000. Brown Brothers Harriman & Co. bought a new stake in shares of Clean Harbors during the 2nd quarter worth about $56,000. Finally, CENTRAL TRUST Co increased its holdings in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 160 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CLH shares. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. The Goldman Sachs Group lifted their target price on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Needham & Company LLC cut their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research 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 report on Thursday, October 31st. Finally, Truist Financial boosted their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $254.33.

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.