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

Clean Harbors, Inc. (NYSE:CLH) EVP Brian Weber sold 4,683 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 48,728 shares of the company’s stock, valued at approximately $14,296,307.92. The trade was a 8.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clean Harbors Stock Performance

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

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.55 EPS. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CLH. Barclays boosted their price objective on Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. TD Cowen reaffirmed a “buy” rating on shares of Clean Harbors in a report on Thursday, February 19th. Wells Fargo & Company upped their target price on shares of Clean Harbors from $248.00 to $291.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. CJS Securities upgraded shares of Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Needham & Company LLC increased their target price on Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $297.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in shares of Clean Harbors in the 4th quarter valued at $26,000. Quattro Advisors LLC bought a new position in Clean Harbors in the fourth quarter valued at about $26,000. MidFirst Bank acquired a new position in Clean Harbors during the fourth quarter worth about $28,000. Parkside Financial Bank & Trust lifted its holdings in shares of Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after acquiring an additional 80 shares during the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of Clean Harbors during the 3rd quarter valued at approximately $30,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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.