Clean Harbors (NYSE:CLH) CEO Eric Gerstenberg Sells 2,500 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH) CEO Eric Gerstenberg sold 2,500 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the sale, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This trade represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Clean Harbors Stock Performance

NYSE CLH opened at $319.75 on Wednesday. The firm has a market cap of $16.88 billion, a P/E ratio of 38.81, a P/E/G ratio of 2.12 and a beta of 0.86. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $335.94. The business’s 50-day moving average price is $303.16 and its 200 day moving average price is $293.49. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating the consensus estimate of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the business earned $2.36 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts expect that Clean Harbors, Inc. will post 9.51 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $350.00 target price on shares of Clean Harbors in a report on Thursday, July 30th. Barclays increased their price target on shares of Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Stifel Nicolaus raised their price objective on shares of Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $354.57.

Institutional Investors Weigh In On Clean Harbors

Several institutional investors have recently made changes to their positions in CLH. Integrated Wealth Concepts LLC lifted its stake in shares of Clean Harbors by 102.9% in the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 1,109 shares during the period. Jones Financial Companies Lllp increased its holdings in Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after buying an additional 196 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Clean Harbors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after acquiring an additional 5,884 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Clean Harbors by 65.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock worth $1,118,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of Clean Harbors by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after acquiring an additional 60 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Company Profile

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.