Clean Harbors, Inc. (NYSE:CLH) CEO Sells $1,818,957.48 in Stock

Clean Harbors, Inc. (NYSE:CLH) CEO Eric W. Gerstenberg sold 8,076 shares of the firm’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $225.23, for a total value of $1,818,957.48. Following the completion of the sale, the chief executive officer now owns 51,619 shares in the company, valued at $11,626,147.37. The trade was a 13.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Clean Harbors Trading Up 0.7%

NYSE:CLH opened at $225.60 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 30.40 and a beta of 1.17. The stock has a fifty day simple moving average of $217.00 and a 200 day simple moving average of $222.68.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.29 EPS. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on CLH. Truist Financial cut their target price on Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus lowered their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. UBS Group lowered their price target on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Robert W. Baird raised their price target on Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Finally, Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund raised its stake in shares of Clean Harbors by 0.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider’s stock valued at $2,044,000 after acquiring an additional 52 shares in the last quarter. Williamson Legacy Group LLC increased its position in Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock worth $858,000 after buying an additional 53 shares during the period. Deutsche Bank AG increased its position in Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock worth $1,333,000 after buying an additional 56 shares during the period. Blue Trust Inc. increased its position in Clean Harbors by 25.8% in the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock worth $54,000 after buying an additional 56 shares during the period. Finally, Scotia Capital Inc. increased its position in Clean Harbors by 0.4% in the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock worth $3,282,000 after buying an additional 59 shares during the period. 90.43% of the stock is owned by institutional investors.

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.