Eric W. Gerstenberg Sells 7,150 Shares of Clean Harbors Inc (CLH) Stock

Clean Harbors Inc (NYSE:CLH) COO Eric W. Gerstenberg sold 7,150 shares of Clean Harbors stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $52.77, for a total transaction of $377,305.50. Following the completion of the transaction, the chief operating officer now directly owns 86,202 shares of the company’s stock, valued at approximately $4,548,879.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Clean Harbors Inc (NYSE:CLH) traded up $0.36 during mid-day trading on Thursday, reaching $53.20. 276,200 shares of the company traded hands, compared to its average volume of 318,422. The firm has a market capitalization of $3,060.00, a P/E ratio of 760.00 and a beta of 1.03. Clean Harbors Inc has a 1-year low of $49.63 and a 1-year high of $61.62. The company has a quick ratio of 1.86, a current ratio of 2.19 and a debt-to-equity ratio of 1.44.

CLH has been the subject of a number of research reports. Oppenheimer decreased their price objective on shares of Clean Harbors from $67.00 to $62.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. Canaccord Genuity reissued a “hold” rating and set a $57.00 price target on shares of Clean Harbors in a report on Wednesday, November 1st. Raymond James Financial raised shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a report on Thursday, November 2nd. Needham & Company LLC reissued a “buy” rating and set a $66.00 price target on shares of Clean Harbors in a report on Friday, November 3rd. Finally, ValuEngine raised shares of Clean Harbors from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $61.00.

Institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Clean Harbors by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock worth $116,000 after buying an additional 188 shares during the period. Zions Bancorporation purchased a new position in Clean Harbors during the 3rd quarter valued at about $189,000. Balyasny Asset Management LLC bought a new stake in shares of Clean Harbors in the 2nd quarter valued at approximately $203,000. Stifel Financial Corp bought a new stake in shares of Clean Harbors in the 3rd quarter valued at approximately $211,000. Finally, Shelton Capital Management bought a new stake in shares of Clean Harbors in the 2nd quarter valued at approximately $221,000. Hedge funds and other institutional investors own 92.54% of the company’s stock.

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Clean Harbors Company Profile

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

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