Brian P. Weber Sells 773 Shares of Clean Harbors Inc. (CLH) Stock
Clean Harbors Inc. (NYSE:CLH) EVP Brian P. Weber sold 773 shares of the business’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $46.58, for a total transaction of $36,006.34. Following the sale, the executive vice president now owns 47,055 shares in the company, valued at approximately $2,191,821.90. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Clean Harbors Inc. (NYSE:CLH) opened at 47.70 on Friday. The stock’s 50 day moving average is $47.67 and its 200 day moving average is $49.62. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 115.22 and a beta of 0.79. Clean Harbors Inc. has a 52-week low of $37.09 and a 52-week high of $54.54.
Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.08. Clean Harbors had a net margin of 0.81% and a return on equity of 3.74%. The company earned $397.50 million during the quarter, compared to analysts’ expectations of $727.68 million. During the same quarter last year, the firm earned $0.72 EPS. Clean Harbors’s revenue for the quarter was down 25.5% on a year-over-year basis. On average, equities analysts predict that Clean Harbors Inc. will post $0.51 EPS for the current fiscal year.
CLH has been the topic of a number of analyst reports. Macquarie initiated coverage on shares of Clean Harbors in a research note on Thursday, August 25th. They issued a “neutral” rating and a $51.00 price target on the stock. Zacks Investment Research upgraded shares of Clean Harbors from a “sell” rating to a “hold” rating in a research note on Thursday, June 16th. Needham & Company LLC upped their price target on shares of Clean Harbors from $51.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, June 22nd. Barclays PLC dropped their price target on shares of Clean Harbors from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 9th. Finally, Imperial Capital upped their price target on shares of Clean Harbors from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Clean Harbors presently has a consensus rating of “Hold” and a consensus price target of $55.57.
A number of institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board raised its position in Clean Harbors by 133.6% in the first quarter. Canada Pension Plan Investment Board now owns 134,300 shares of the company’s stock valued at $6,626,000 after buying an additional 76,800 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in shares of Clean Harbors during the first quarter valued at $1,192,000. Impax Asset Management LTD increased its stake in shares of Clean Harbors by 39.9% in the first quarter. Impax Asset Management LTD now owns 593,370 shares of the company’s stock valued at $29,279,000 after buying an additional 169,104 shares in the last quarter. Impax Asset Management AIFM Ltd increased its stake in shares of Clean Harbors by 2.4% in the first quarter. Impax Asset Management AIFM Ltd now owns 390,903 shares of the company’s stock valued at $19,290,000 after buying an additional 9,128 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Clean Harbors by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,568,590 shares of the company’s stock valued at $77,394,000 after buying an additional 12,301 shares in the last quarter. Institutional investors own 95.11% of the company’s stock.
Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services. The Company operates in six segments: Technical Services; Industrial and Field Services; Kleen Performance Products; SK Environmental Services; Lodging Services, and Oil and Gas Field Services. Its Technical Services segment involves the collection, transportation, treatment and disposal of hazardous and non-hazardous wastes.
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