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Eric W. Gerstenberg, Co-CEO of Clean Harbors Inc . (NYSE:CLH), recently sold 8,076 shares of the company’s common stock. The shares were sold at a price of $225.23 each, totaling approximately $1.82 million. Following this transaction, Gerstenberg retains ownership of 51,619 shares in the company, which currently has a market capitalization of $12.15 billion. According to InvestingPro analysis, Clean Harbors maintains strong financial health with a GOOD overall rating and robust liquidity, as evidenced by a current ratio of 2.37. While analysts have set a high target of $300 for the stock, it’s currently trading at a relatively high P/E ratio of 31x. For comprehensive insights and additional metrics, access the detailed Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Clean Harbors Inc. reported its first-quarter 2025 earnings, revealing a mixed financial performance. The company posted earnings per share of $1.09, surpassing the forecast of $1.07, but its revenue of $1.43 billion fell short of the expected $1.45 billion. Despite the revenue miss, Clean Harbors maintained a solid performance with an adjusted EBITDA of $235 million. Additionally, BMO Capital Markets raised Clean Harbors’ stock price target from $260 to $264, reiterating an Outperform rating, citing robust demand and diverse growth avenues as positive factors.
The company also held its 2025 Annual Meeting of Shareholders, where five Class III members were elected to the Board of Directors. Shareholders approved the executive compensation plan and ratified Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2025. Clean Harbors is expected to benefit from cleanup efforts related to per- and polyfluoroalkyl substances (PFAS) and the expansion of industrial capacity in the U.S., according to BMO Capital.
Furthermore, the company reported a strong cash position with nearly $600 million in cash and marketable securities, which is seen as a positive sign for potential mergers and acquisitions. Clean Harbors continues to explore various organic growth opportunities, particularly within the oil re-refining segment. The company’s strategic initiatives and solid balance sheet are expected to support its market standing and financial position moving forward.
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