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

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 directly owns 55,657 shares of the company’s stock, valued at approximately $13,937,625.94. The trade was a 9.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $243.58 on Tuesday. The company has a market capitalization of $13.13 billion, a P/E ratio of 31.72 and a beta of 1.20. The company’s 50-day moving average is $249.19 and its 200 day moving average is $234.19. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a fifty-two week low of $158.42 and a fifty-two week high of $267.11.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts forecast that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a report 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. Needham & Company LLC dropped their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Truist Financial upped their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors presently has an average rating of “Buy” and an average price target of $254.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bleakley Financial Group LLC purchased a new stake in shares of Clean Harbors in the first quarter worth about $219,000. Edgestream Partners L.P. grew its holdings in shares of Clean Harbors by 15.2% during the first quarter. Edgestream Partners L.P. now owns 3,813 shares of the business services provider’s stock worth $768,000 after purchasing an additional 502 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Clean Harbors by 7.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,631 shares of the business services provider’s stock worth $328,000 after purchasing an additional 111 shares during the last quarter. Seven Eight Capital LP purchased a new stake in Clean Harbors in the first quarter valued at approximately $889,000. Finally, Clearbridge Investments LLC lifted its position in Clean Harbors by 9.4% during the first quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock valued at $163,096,000 after purchasing an additional 69,578 shares during the last quarter. Institutional investors 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.