Clean Harbors (NYSE:CLH) CEO Sells $803,350.00 in Stock

Clean Harbors, Inc. (NYSE:CLH) CEO Eric Gerstenberg sold 2,500 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at approximately $18,249,862.62. This represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Clean Harbors Stock Down 0.8%

Shares of CLH opened at $322.60 on Friday. The stock’s 50-day moving average price is $304.58 and its two-hundred day moving average price is $294.40. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94. The company has a market capitalization of $17.03 billion, a PE ratio of 39.15, a PEG ratio of 2.14 and a beta of 0.86. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.41. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.36 earnings per share. On average, analysts anticipate that Clean Harbors, Inc. will post 9.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CLH. Truist Financial boosted their price target on shares of Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Raymond James Financial reissued a “strong-buy” rating and set a $375.00 target price on shares of Clean Harbors in a research note on Thursday, July 30th. Oppenheimer restated an “outperform” rating and issued a $350.00 target price on shares of Clean Harbors in a report on Thursday, July 30th. Finally, Barclays upped their price target on shares of Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.57.

Institutional Trading of Clean Harbors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC bought a new position in Clean Harbors in the fourth quarter worth approximately $26,000. Quattro Advisors LLC bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $26,000. MidFirst Bank bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust raised its position in shares of Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock worth $31,000 after purchasing an additional 115 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.