Brian Weber Sells 4,683 Shares of Clean Harbors (NYSE:CLH) Stock

Clean Harbors, Inc. (NYSE:CLH) EVP Brian Weber sold 4,683 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total value of $1,373,945.37. Following the completion of the transaction, the executive vice president owned 48,728 shares of the company’s stock, valued at $14,296,307.92. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Clean Harbors Trading Up 0.3%

Clean Harbors stock traded up $0.91 during trading hours on Tuesday, hitting $290.28. The stock had a trading volume of 516,411 shares, compared to its average volume of 510,834. The business’s 50 day simple moving average is $271.29 and its 200-day simple moving average is $245.22. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $298.12. The stock has a market cap of $15.36 billion, a price-to-earnings ratio of 39.87 and a beta of 0.92. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CLH has been the topic of a number of analyst reports. Wells Fargo & Company upped their price target on Clean Harbors from $248.00 to $291.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Barclays increased their target price on shares of Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Needham & Company LLC boosted their price target on shares of Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. BMO Capital Markets increased their price objective on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $320.00 target price on shares of Clean Harbors in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.64.

Institutional Trading of Clean Harbors

Several hedge funds and other institutional investors have recently made changes to their positions in CLH. Norges Bank purchased a new stake in shares of Clean Harbors in the fourth quarter worth $152,195,000. Durable Capital Partners LP bought a new position in Clean Harbors in the 3rd quarter worth about $133,217,000. Nordea Investment Management AB boosted its stake in Clean Harbors by 120.8% in the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after purchasing an additional 569,388 shares in the last quarter. Two Sigma Investments LP grew its position in Clean Harbors by 148.3% during the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after purchasing an additional 229,666 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Clean Harbors by 10.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after purchasing an additional 215,659 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.