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

Clean Harbors, Inc. (NYSE:CLH) EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Clean Harbors Price Performance

Shares of NYSE:CLH traded up $1.71 during trading on Thursday, reaching $202.28. The company had a trading volume of 75,342 shares, compared to its average volume of 329,587. The company has a fifty day moving average of $182.44 and a two-hundred day moving average of $171.23. The stock has a market capitalization of $10.91 billion, a P/E ratio of 29.14 and a beta of 1.23. Clean Harbors, Inc. has a 12 month low of $129.70 and a 12 month 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, topping analysts’ consensus estimates of $1.69 by $0.13. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.44 EPS. Equities research analysts forecast that Clean Harbors, Inc. will post 7.35 earnings per share for the current year.

Hedge Funds Weigh In On Clean Harbors

A number of institutional investors have recently made changes to their positions in CLH. Raymond James & Associates increased its holdings in shares of Clean Harbors by 146.7% in the 1st quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock worth $4,133,000 after buying an additional 22,012 shares during the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Clean Harbors in the 1st quarter valued at $1,672,000. HighTower Advisors LLC boosted its stake in shares of Clean Harbors by 68.7% in the 1st quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock valued at $793,000 after purchasing an additional 2,883 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Clean Harbors by 122.5% in the 1st quarter. Acadian Asset Management LLC now owns 4,423 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 2,435 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Clean Harbors by 33.5% in the 1st quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock valued at $3,616,000 after purchasing an additional 8,127 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Wells Fargo & Company initiated coverage on shares of Clean Harbors in a research note on Friday, December 8th. They set an “overweight” rating and a $190.00 price target on the stock. Oppenheimer upped their price target on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Needham & Company LLC upped their target price 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. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $206.00 target price on shares of Clean Harbors in a report on Monday. One 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 company. According to MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and an average price target of $193.50.

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.