Insider Selling: Clean Harbors, Inc. (NYSE:CLH) CEO Sells 8,076 Shares of Stock

Clean Harbors, Inc. (NYSE:CLH - Get Free Report) CEO Eric W. Gerstenberg sold 8,076 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $225.23, for a total value of $1,818,957.48. Following the transaction, the chief executive officer now directly owns 51,619 shares of the company's stock, valued at $11,626,147.37. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Clean Harbors Stock Performance

NYSE:CLH traded up $1.85 during mid-day trading on Thursday, hitting $227.66. 216,695 shares of the stock were exchanged, compared to its average volume of 350,452. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 30.68 and a beta of 1.17. The firm's 50-day simple moving average is $217.82 and its 200 day simple moving average is $222.46. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.07. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $1.29 EPS. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Institutional Trading of Clean Harbors

Several hedge funds have recently added to or reduced their stakes in CLH. Hopwood Financial Services Inc. acquired a new stake in Clean Harbors during the 1st quarter worth approximately $30,000. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors during the 4th quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP lifted its holdings in Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after purchasing an additional 103 shares during the last quarter. Finally, Assetmark Inc. increased its stake in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after acquiring an additional 205 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on CLH shares. The Goldman Sachs Group reduced their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Robert W. Baird raised their price objective on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. UBS Group cut their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. BMO Capital Markets cut their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, Oppenheimer cut their price objective on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $257.67.

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.