Clean Harbors, Inc. (NYSE:CLH - Get Free Report) CEO Eric Gerstenberg sold 2,500 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the transaction, the chief executive officer owned 56,793 shares of the company's stock, valued at approximately $18,249,862.62. This represents a 4.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Clean Harbors Price Performance
Clean Harbors stock opened at $319.75 on Wednesday. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $335.94. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The firm's 50-day simple moving average is $303.16 and its 200 day simple moving average is $293.49. The firm has a market capitalization of $16.88 billion, a PE ratio of 38.81, a P/E/G ratio of 2.12 and a beta of 0.86.
Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The firm's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $2.36 EPS. On average, equities research analysts predict that Clean Harbors, Inc. will post 9.51 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on CLH shares. Bank of America set a $377.00 price objective on Clean Harbors and gave the stock a "buy" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded Clean Harbors from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Wells Fargo & Company boosted their price target on Clean Harbors from $313.00 to $349.00 and gave the stock an "equal weight" rating in a report on Friday, July 31st. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Truist Financial increased their price objective on Clean Harbors from $350.00 to $365.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Two investment 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 company. According to data from MarketBeat, Clean Harbors presently has an average rating of "Moderate Buy" and a consensus target price of $354.57.
Get Our Latest Stock Report on Clean Harbors
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of CLH. Elyxium Wealth LLC acquired a new stake in shares of Clean Harbors during the fourth quarter worth $26,000. Quattro Advisors LLC acquired a new position in Clean Harbors in the fourth quarter valued at $26,000. MidFirst Bank purchased a new position in Clean Harbors during the fourth quarter worth about $28,000. Parkside Financial Bank & Trust boosted its stake 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 last quarter. Finally, Larson Financial Group LLC boosted its stake in Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider's stock worth $31,000 after buying an additional 115 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.
About Clean Harbors
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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.
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