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 Clean Harbors stock in a transaction on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the sale, the chief executive officer now owns 55,657 shares in the company, valued at approximately $13,937,625.94. This represents a 9.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Clean Harbors Price Performance

NYSE:CLH traded down $0.93 during trading hours on Monday, reaching $246.46. 8,514 shares of the company were exchanged, compared to its average volume of 296,355. Clean Harbors, Inc. has a twelve month low of $158.42 and a twelve month high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock’s 50-day moving average is $249.02 and its 200-day moving average is $233.92. The firm has a market cap of $13.28 billion, a PE ratio of 31.90 and a beta of 1.20.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on CLH shares. The Goldman Sachs Group lifted their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Truist Financial boosted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Oppenheimer boosted their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Needham & Company LLC dropped their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and a consensus target price of $254.33.

Hedge Funds Weigh In On Clean Harbors

Several hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. grew its position in shares of Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock worth $678,000 after buying an additional 39 shares in the last quarter. Icon Wealth Advisors LLC increased its holdings in shares of Clean Harbors by 8.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 45 shares during the period. Moody National Bank Trust Division raised its holdings in shares of Clean Harbors by 1.0% in the second quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock valued at $1,095,000 after buying an additional 47 shares during the last quarter. Quent Capital LLC lifted its position in Clean Harbors by 6.9% during the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after acquiring an additional 47 shares during the period. Finally, Fifth Third Bancorp grew its position in Clean Harbors by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock valued at $119,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

About Clean Harbors

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.