Clean Harbors (CLH) co-CEO battles buys $467k in shares

Published 04/08/2025, 20:12
Clean Harbors (CLH) co-CEO battles buys $467k in shares

Michael Louis Battles, Co-CEO of Clean Harbors INC (NYSE:CLH), recently purchased 2,000 shares of the company’s common stock at a price of $233.50 per share, according to a Form 4 filing with the Securities and Exchange Commission. The total value of the purchase was $467,000. The purchase comes as InvestingPro data shows the $12.6 billion company trading near its 52-week high of $267.11, with analysts setting price targets between $240-$290.

The transaction, which took place on August 1, 2025, increased Battles’ direct ownership in Clean Harbors to 82,911 shares. The insider purchase aligns with positive analyst sentiment, as seven analysts have recently revised their earnings estimates upward. InvestingPro analysis indicates the company maintains strong financial health with good profitability metrics, though it currently trades at a premium valuation with a P/E ratio of 32.8.

In other recent news, Clean Harbors reported its second-quarter earnings for 2025, showing a slight miss in both earnings per share and revenue compared to analyst forecasts. The company’s earnings per share came in at $2.36, just below the expected $2.38, while revenue reached $1.55 billion, falling short of the $1.59 billion forecast. Despite these results, BMO Capital raised its price target for Clean Harbors to $268 from $264, maintaining an Outperform rating on the stock. BMO Capital cited Clean Harbors’ commendable performance in the second quarter, despite challenges from tariff-related uncertainty and sluggish industrial activity. These recent developments highlight the mixed outlook for the company, with some analysts remaining optimistic about its future potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.