Clean Harbors Inc (NYSE:CLH) CEO Sells $1,655,000.00 in Stock

Clean Harbors Inc (NYSE:CLH) CEO Alan S. Mckim sold 20,000 shares of the firm’s stock in a transaction dated 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 owns 3,647,181 shares of the company’s stock, valued at $301,804,227.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

CLH traded up $0.28 on Wednesday, hitting $83.31. The company had a trading volume of 5,836 shares, compared to its average volume of 302,306. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 66.10 and a beta of 1.62. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.91 and a quick ratio of 1.60. The company’s fifty day moving average price is $81.31 and its 200 day moving average price is $74.29. Clean Harbors Inc has a 1-year low of $46.21 and a 1-year high of $86.15.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $0.72 EPS for the quarter, beating the 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 company had revenue of $891.70 million for the quarter, compared to the consensus estimate of $875.51 million. During the same quarter last year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, sell-side analysts forecast that Clean Harbors Inc will post 1.9 EPS for the current year.

Several equities analysts have weighed in on CLH shares. Jefferies Financial Group started coverage on Clean Harbors in a report on Wednesday, November 27th. They issued an “underperform” rating and a $75.00 target price on the stock. Needham & Company LLC initiated coverage on shares of Clean Harbors in a research report on Friday, August 23rd. They issued a “buy” rating and a $86.00 price target for the company. Robert W. Baird lifted their price objective on Clean Harbors from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, ValuEngine downgraded Clean Harbors from a “buy” rating to a “hold” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $82.63.

Several hedge funds and other institutional investors have recently bought and sold shares of CLH. Aperio Group LLC boosted its position in shares of Clean Harbors by 56.2% in the second 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 during the period. Pacer Advisors Inc. acquired a new stake in shares of Clean Harbors in the second quarter worth $1,438,000. Dupont Capital Management Corp increased its position in Clean Harbors by 27.0% during the third quarter. Dupont Capital Management Corp now owns 5,830 shares of the business services provider’s stock worth $450,000 after acquiring an additional 1,241 shares during the period. BlackRock Inc. increased its position in Clean Harbors by 0.9% during the second quarter. BlackRock Inc. now owns 4,587,760 shares of the business services provider’s stock worth $326,188,000 after acquiring an additional 41,323 shares during the period. Finally, Arizona State Retirement System raised its stake in 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 during the last quarter. 90.15% of the stock is owned by institutional investors and hedge funds.

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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