Clean Harbors (NYSE:CLH) CEO Eric Gerstenberg Sells 1,000 Shares

Clean Harbors, Inc. (NYSE:CLH) CEO Eric Gerstenberg sold 1,000 shares of the business’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 completion of the sale, the chief executive officer directly owned 38,877 shares of the company’s stock, valued at approximately $11,390,961. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Clean Harbors Price Performance

CLH opened at $289.33 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The stock’s 50 day simple moving average is $273.98 and its 200 day simple moving average is $246.18. The firm has a market cap of $15.31 billion, a price-to-earnings ratio of 39.74 and a beta of 0.93. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $298.12.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.03. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 earnings per share. As a group, analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Institutional Investors Weigh In On Clean Harbors

Large investors have recently modified their holdings of the stock. Norges Bank purchased a new stake in Clean Harbors in the fourth quarter worth about $152,195,000. Durable Capital Partners LP purchased a new position in shares of Clean Harbors during the 3rd quarter worth approximately $133,217,000. Nordea Investment Management AB grew its holdings in shares of Clean Harbors by 120.8% during the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after acquiring an additional 569,388 shares during the period. Two Sigma Investments LP raised its position in shares of Clean Harbors by 148.3% in the 3rd quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock worth $89,287,000 after acquiring an additional 229,666 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock valued at $557,146,000 after purchasing an additional 215,659 shares during the period. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CLH. BMO Capital Markets increased their price target on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Citigroup boosted their price objective on shares of Clean Harbors from $274.00 to $302.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Barclays upped their price objective on shares of Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a research note on Monday, February 23rd. Wells Fargo & Company increased their target price on shares of Clean Harbors from $291.00 to $309.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, TD Cowen reissued a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and a consensus 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.