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

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

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $324.86 on Thursday. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The company has a market cap of $17.15 billion, a PE ratio of 39.42, a P/E/G ratio of 2.11 and a beta of 0.86. The stock has a 50 day simple moving average of $303.87 and a 200-day simple moving average of $293.96. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period last year, the firm earned $2.36 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that Clean Harbors, Inc. will post 9.51 EPS for the current year.

Hedge Funds Weigh In On Clean Harbors

Large investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC lifted its stake in Clean Harbors by 102.9% during 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 last quarter. Jones Financial Companies Lllp grew its position 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 worth $120,000 after buying an additional 196 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after buying an additional 5,884 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Clean Harbors by 65.1% in the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after buying an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position 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 valued at $1,021,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. TD Cowen boosted their price target on shares of Clean Harbors from $335.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Finally, Barclays raised their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus price target of $354.57.

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.