Clean Harbors (NYSE:CLH) CEO Sells 2,500 Shares of Stock

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

Clean Harbors Stock Down 2.3%

Clean Harbors stock traded down $7.62 during midday trading on Tuesday, hitting $318.43. 241,450 shares of the company were exchanged, compared to its average volume of 512,145. The company’s fifty day moving average price is $302.52 and its 200-day moving average price is $293.06. The company has a market cap of $16.81 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94.

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

Hedge Funds Weigh In On Clean Harbors

A number of hedge funds have recently bought and sold shares of the company. Assetmark Inc. grew its stake in Clean Harbors by 8.9% during the 1st quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock worth $123,000 after buying an additional 35 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Clean Harbors by 2.6% in the first quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider’s stock valued at $572,000 after buying an additional 50 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Clean Harbors by 2.3% during the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 53 shares during the period. US Bancorp DE grew its position in shares of Clean Harbors by 16.9% during the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock worth $87,000 after acquiring an additional 54 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Clean Harbors by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock worth $608,000 after acquiring an additional 59 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their price objective on shares of Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. UBS Group raised their target price on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. BMO Capital Markets lifted their target price on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Truist Financial raised their price objective on Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Two 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $354.57.

About Clean Harbors

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.