Insider Selling: Clean Harbors (NYSE:CLH) CEO Sells $293,000.00 in Stock

Clean Harbors, Inc. (NYSE:CLH) CEO Eric Gerstenberg sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total value of $293,000.00. Following the sale, the chief executive officer directly owned 38,877 shares in the company, valued at approximately $11,390,961. The trade was a 2.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $275.56 on Friday. The company has a market capitalization of $14.58 billion, a PE ratio of 37.85 and a beta of 0.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The company has a 50-day simple moving average of $274.41 and a two-hundred day simple moving average of $246.45. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $298.12.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business earned $1.55 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently made changes to their positions in CLH. Quattro Advisors LLC acquired a new position in shares of Clean Harbors in the 4th quarter valued at $26,000. Elyxium Wealth LLC purchased a new stake in Clean Harbors in the fourth quarter valued at approximately $26,000. Parkside Financial Bank & Trust increased its holdings in Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the period. MidFirst Bank acquired a new position in Clean Harbors in the 4th quarter worth approximately $28,000. Finally, Root Financial Partners LLC purchased a new position in Clean Harbors during the 3rd quarter worth approximately $30,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CLH shares. Needham & Company LLC raised their target price on shares of Clean Harbors from $290.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Barclays increased their price objective on Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a research report on Monday, December 29th. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Wells Fargo & Company boosted their target price on Clean Harbors from $291.00 to $309.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $299.27.

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.