Clean Harbors Inc (NYSE:CLH) CEO Alan S. Mckim sold 20,000 shares of Clean Harbors stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $82.75, for a total value of $1,655,000.00. Following the sale, the chief executive officer now directly owns 3,647,181 shares of the company’s stock, valued at $301,804,227.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of CLH traded up $0.28 during trading hours on Wednesday, reaching $83.31. The stock had a trading volume of 5,836 shares, compared to its average volume of 302,306. The company has a market cap of $4.61 billion, a P/E ratio of 66.10 and a beta of 1.62. Clean Harbors Inc has a 52 week low of $46.21 and a 52 week high of $86.15. The company has a quick ratio of 1.60, a current ratio of 1.91 and a debt-to-equity ratio of 1.36. The firm has a 50-day moving average of $81.31 and a 200 day moving average of $74.29.
Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. Clean Harbors had a return on equity of 8.01% and a net margin of 2.65%. The firm had revenue of $891.70 million for the quarter, compared to analyst estimates of $875.51 million. During the same period in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts expect that Clean Harbors Inc will post 1.9 earnings per share for the current year.
CLH has been the topic of several analyst reports. Needham & Company LLC assumed coverage on Clean Harbors in a research note on Friday, August 23rd. They issued a “buy” rating and a $86.00 target price on the stock. ValuEngine lowered Clean Harbors from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Jefferies Financial Group started coverage on Clean Harbors in a research report on Wednesday, November 27th. They set an “underperform” rating and a $75.00 target price for the company. Finally, Robert W. Baird upped their price target on Clean Harbors from $85.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Clean Harbors presently has an average rating of “Buy” and an average price target of $82.63.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its holdings in shares of Clean Harbors by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 36,900 shares of the business services provider’s stock valued at $2,624,000 after purchasing an additional 402 shares in the last quarter. Clearwater Capital Advisors LLC bought a new stake in shares of Clean Harbors during the second quarter worth $340,000. BNP Paribas Arbitrage SA raised its holdings in shares of Clean Harbors by 129.1% during the second quarter. BNP Paribas Arbitrage SA now owns 287,273 shares of the business services provider’s stock worth $20,425,000 after acquiring an additional 161,901 shares during the period. KBC Group NV lifted its position in Clean Harbors by 93.6% in the 2nd quarter. KBC Group NV now owns 10,111 shares of the business services provider’s stock valued at $719,000 after acquiring an additional 4,889 shares in the last quarter. Finally, Aperio Group LLC lifted its position in Clean Harbors by 56.2% in the 2nd quarter. Aperio Group LLC now owns 17,731 shares of the business services provider’s stock valued at $1,261,000 after acquiring an additional 6,376 shares in the last quarter. 90.15% of the stock is currently owned by institutional investors.
Clean Harbors Company Profile
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.
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