Clean Harbors Inc. (NYSE:CLH) EVP Brian P. Weber sold 773 shares of Clean Harbors stock in a transaction dated 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 of the company’s stock, valued at $2,191,821.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Clean Harbors Inc. (NYSE:CLH) traded up 2.20% on Wednesday, reaching $47.45. 538,215 shares of the company were exchanged. Clean Harbors Inc. has a 1-year low of $37.09 and a 1-year high of $54.54. The stock has a market capitalization of $2.73 billion, a PE ratio of 114.61 and a beta of 0.79. The company has a 50-day moving average price of $47.72 and a 200 day moving average price of $49.64.
Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.08. The firm had revenue of $397.50 million for the quarter, compared to analyst estimates of $727.68 million. Clean Harbors had a return on equity of 3.74% and a net margin of 0.81%. Clean Harbors’s revenue was down 25.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 earnings per share. On average, analysts forecast that Clean Harbors Inc. will post $0.51 EPS for the current fiscal year.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Clean Harbors from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Imperial Capital lifted their price target on shares of Clean Harbors from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Barclays PLC dropped their price target on shares of Clean Harbors from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. Macquarie started coverage on shares of Clean Harbors in a research report on Thursday, August 25th. They set a “neutral” rating and a $51.00 price target for the company. Finally, Needham & Company LLC lifted their price objective on shares of Clean Harbors from $51.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, June 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.57.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLH. 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 worth $6,626,000 after buying an additional 76,800 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Clean Harbors during the first quarter worth about $1,192,000. Impax Asset Management LTD raised its position in Clean Harbors by 39.9% in the first quarter. Impax Asset Management LTD now owns 593,370 shares of the company’s stock worth $29,279,000 after buying an additional 169,104 shares during the last quarter. Impax Asset Management AIFM Ltd raised its position in Clean Harbors by 2.4% in the first quarter. Impax Asset Management AIFM Ltd now owns 390,903 shares of the company’s stock worth $19,290,000 after buying an additional 9,128 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in 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 worth $77,394,000 after buying an additional 12,301 shares during the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.
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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