Clean Harbors, Inc. (NYSE:CLH) EVP Brian P. Weber Sells 3,035 Shares

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) EVP Brian P. Weber sold 3,035 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the transaction, the executive vice president now directly owns 54,548 shares in the company, valued at approximately $12,391,669.16. The trade was a 5.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Clean Harbors Stock Up 0.2%

Shares of Clean Harbors stock traded up $0.46 during trading on Thursday, hitting $226.03. 357,379 shares of the stock were exchanged, compared to its average volume of 350,719. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. The firm's 50-day moving average price is $220.76 and its 200 day moving average price is $221.56. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 31.31 and a beta of 1.17. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.07. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. Clean Harbors's quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. As a group, analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CLH has been the topic of several recent research reports. Oppenheimer cut their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. BMO Capital Markets reduced their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. The Goldman Sachs Group lowered their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus cut their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Clean Harbors has an average rating of "Moderate Buy" and an average target price of $257.67.

Institutional Investors Weigh In On Clean Harbors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Clean Harbors by 6.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,283 shares of the business services provider's stock worth $295,000 after buying an additional 77 shares during the last quarter. Gladstone Institutional Advisory LLC acquired a new position in Clean Harbors in the fourth quarter valued at $299,000. Van ECK Associates Corp grew its holdings in shares of Clean Harbors by 8.5% during the fourth quarter. Van ECK Associates Corp now owns 14,028 shares of the business services provider's stock worth $3,228,000 after purchasing an additional 1,097 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Clean Harbors by 99.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 85,510 shares of the business services provider's stock worth $19,639,000 after purchasing an additional 42,555 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Clean Harbors by 0.6% in the 4th quarter. Rhumbline Advisers now owns 136,604 shares of the business services provider's stock valued at $31,438,000 after purchasing an additional 875 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

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.