Clean Harbors, Inc. (NYSE:CLH) CEO Eric W. Gerstenberg Sells 6,051 Shares

Clean Harbors, Inc. (NYSE:CLH) CEO Eric W. Gerstenberg sold 6,051 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the transaction, the chief executive officer now owns 55,657 shares of the company’s stock, valued at approximately $13,937,625.94. This represents a 9.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $246.62 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The business has a 50 day moving average price of $249.34 and a 200-day moving average price of $234.46. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11. The company has a market cap of $13.29 billion, a PE ratio of 32.11 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the business earned $1.68 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts anticipate that Clean Harbors, Inc. will post 7.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CLH. Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Oppenheimer boosted their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Truist Financial raised their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird reduced their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors has an average rating of “Buy” and an average price target of $254.33.

Hedge Funds Weigh In On Clean Harbors

A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in Clean Harbors by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after buying an additional 100,394 shares during the period. FMR LLC raised its position in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after purchasing an additional 187,140 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Clean Harbors by 0.5% during the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock worth $386,477,000 after purchasing an additional 7,948 shares during the last quarter. State Street Corp boosted its stake in Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock worth $365,070,000 after buying an additional 21,662 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after buying an additional 248,240 shares during the period. 90.43% of the stock is currently owned by institutional investors.

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.