Rep. Robert Bresnahan, Jr. Sells Off Shares of Clean Harbors, Inc. (NYSE:CLH)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Clean Harbors, Inc. (NYSE:CLH). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Clean Harbors stock on January 13th. The trade occurred in the Representative’s “JOINT OWNERSHIP LPL ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.

Clean Harbors Stock Performance

CLH traded down $1.59 during trading on Friday, reaching $229.49. 399,720 shares of the company’s stock were exchanged, compared to its average volume of 300,054. Clean Harbors, Inc. has a 1 year low of $176.02 and a 1 year high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The stock has a market capitalization of $12.37 billion, a P/E ratio of 29.88 and a beta of 1.24. The company’s fifty day simple moving average is $235.55 and its 200-day simple moving average is $242.45.

Insider Transactions at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,477 shares of company stock valued at $374,091 over the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLH. Freestone Grove Partners LP purchased a new stake in shares of Clean Harbors during the fourth quarter worth $8,978,000. Gallo Partners LP purchased a new stake in shares of Clean Harbors during the fourth quarter worth $2,506,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Clean Harbors during the fourth quarter worth $32,000. Northern Trust Corp grew its holdings in shares of Clean Harbors by 28.1% during the fourth quarter. Northern Trust Corp now owns 498,217 shares of the business services provider’s stock worth $114,660,000 after buying an additional 109,209 shares in the last quarter. Finally, Boothbay Fund Management LLC grew its holdings in shares of Clean Harbors by 106.5% during the fourth quarter. Boothbay Fund Management LLC now owns 37,181 shares of the business services provider’s stock worth $8,557,000 after buying an additional 19,175 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. Robert W. Baird decreased their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus boosted their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. TD Cowen initiated coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price for the company. Finally, Truist Financial boosted their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research 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. According to data from MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and an average price target of $269.44.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.