Clean Harbors (NYSE:CLH) CEO Eric Gerstenberg Sells 601 Shares

Clean Harbors, Inc. (NYSE:CLH) CEO Eric Gerstenberg sold 601 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the transaction, the chief executive officer owned 50,454 shares of the company’s stock, valued at $12,154,368.60. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Clean Harbors Trading Up 0.5%

CLH stock traded up $1.30 during trading on Wednesday, hitting $241.32. 9,785 shares of the company traded hands, compared to its average volume of 456,429. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. The company has a 50-day moving average of $226.28 and a 200-day moving average of $231.45. The firm has a market capitalization of $12.89 billion, a PE ratio of 33.52 and a beta of 0.95. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $251.43.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.16). The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.12 EPS. Analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CLH shares. UBS Group reduced their price target on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Barclays decreased their target price on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Zacks Research lowered shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Oppenheimer reissued an “outperform” rating and issued a $237.00 price target on shares of Clean Harbors in a research note on Thursday, October 30th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $250.08.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors and hedge funds have recently made changes to their positions in CLH. Root Financial Partners LLC bought a new stake in shares of Clean Harbors in the 3rd quarter worth $30,000. Golden State Wealth Management LLC boosted its holdings in shares of Clean Harbors by 145.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 109 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Clean Harbors during the third quarter valued at approximately $44,000. First Horizon Corp bought a new position in Clean Harbors during the third quarter valued at approximately $44,000. Finally, Quarry LP purchased a new stake in Clean Harbors during the 1st quarter valued at $48,000. 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.