Key Points
- CEO sale: Eric Gerstenberg sold 601 shares on December 16 at an average price of $240.90 for $144,780.90, trimming his stake by 1.18% to 50,454 shares (worth about $12.15M).
- Missed estimates: Clean Harbors reported quarterly EPS of $2.21 versus $2.37 expected and revenue of $1.55B versus $1.58B, with revenue up 1.3% year-over-year.
- Market and analyst backdrop: CLH trades near $239.43 (market cap ~$12.79B), carries a consensus "Moderate Buy" rating with a $250.08 target, and is 90.43% institutionally owned.
Clean Harbors, Inc. (NYSE:CLH - Get Free Report) CEO Eric Gerstenberg sold 601 shares of the firm's stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the sale, the chief executive officer owned 50,454 shares in the company, valued at approximately $12,154,368.60. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Clean Harbors Price Performance
CLH stock traded up $1.61 during trading on Thursday, reaching $239.43. 41,845 shares of the company were exchanged, compared to its average volume of 455,629. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 33.19 and a beta of 0.95. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.09. The company has a 50-day moving average of $226.34 and a two-hundred day moving average of $231.49. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $251.43.
Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.37 by ($0.16). Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $2.12 EPS. The business's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.
Analysts Set New Price Targets
CLH has been the subject of several research reports. Citigroup began coverage on Clean Harbors in a research report on Wednesday, December 10th. They issued a "neutral" rating and a $263.00 target price for the company. Zacks Research lowered shares of Clean Harbors from a "hold" rating to a "strong sell" rating in a report on Friday, October 31st. The Goldman Sachs Group initiated coverage on shares of Clean Harbors in a research report on Monday, November 24th. They set a "neutral" rating and a $228.00 target price on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Clean Harbors in a research report on Monday. Finally, UBS Group dropped their price target on shares of Clean Harbors from $245.00 to $240.00 and set a "neutral" rating for the company in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.08.
Read Our Latest Stock Report on Clean Harbors
Institutional Trading of Clean Harbors
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP raised its position in Clean Harbors by 22.8% in the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider's stock worth $54,000 after purchasing an additional 43 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Clean Harbors by 0.3% during the second quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider's stock valued at $3,636,000 after buying an additional 48 shares during the last quarter. MAI Capital Management grew its stake in shares of Clean Harbors by 6.1% during the second quarter. MAI Capital Management now owns 839 shares of the business services provider's stock valued at $194,000 after buying an additional 48 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of Clean Harbors by 5.2% in the third quarter. HB Wealth Management LLC now owns 990 shares of the business services provider's stock worth $230,000 after buying an additional 49 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Clean Harbors by 0.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider's stock valued at $2,197,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.
Clean Harbors Company Profile
(
Get Free Report)
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.
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