Clean Harbors, Inc. (NYSE:CLH) EVP Brian P. Weber Sells 7,996 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) 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 value of $1,591,763.72. Following the sale, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The sale was disclosed in a filing with the SEC, which is available through this link.

Clean Harbors Stock Up 0.4 %

CLH stock opened at $201.33 on Friday. The company’s 50 day moving average is $183.15 and its 200 day moving average is $171.44. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of 28.97 and a beta of 1.23. Clean Harbors, Inc. has a 1-year low of $129.70 and a 1-year high of $202.58. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.44 earnings per share. Sell-side analysts predict that Clean Harbors, Inc. will post 7.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Clean Harbors by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,974,889 shares of the business services provider’s stock worth $547,138,000 after acquiring an additional 14,664 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Clean Harbors by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after purchasing an additional 182,622 shares during the last quarter. FMR LLC boosted its position in shares of Clean Harbors by 5.6% during the third quarter. FMR LLC now owns 1,419,048 shares of the business services provider’s stock valued at $237,492,000 after buying an additional 75,038 shares during the last quarter. State Street Corp increased its holdings in Clean Harbors by 0.4% in the 2nd quarter. State Street Corp now owns 1,418,790 shares of the business services provider’s stock worth $233,292,000 after buying an additional 5,550 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Clean Harbors by 6.7% during the 1st quarter. Invesco Ltd. now owns 1,378,894 shares of the business services provider’s stock valued at $153,941,000 after acquiring an additional 87,183 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CLH has been the subject of a number of analyst reports. Wells Fargo & Company began coverage on Clean Harbors in a research note on Friday, December 8th. They set an “overweight” rating and a $190.00 price target for the company. BMO Capital Markets boosted their price objective on Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday. Needham & Company LLC boosted their price target on shares of Clean Harbors from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Stifel Nicolaus reissued a “buy” rating and set a $206.00 target price on shares of Clean Harbors in a research report on Monday. Finally, Oppenheimer increased their price objective on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $196.00.

Clean Harbors Company Profile

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.