Crispr Therapeutics shares tumble after significant earnings miss
Lauren States, a director at Clean Harbors Inc . (NYSE:CLH), recently sold 308 shares of the company's common stock. The transaction, dated January 15, 2025, was executed at a price of $239.04 per share, amounting to a total sale value of $73,624. Following this sale, States holds 12,226 shares directly. The sale comes as Clean Harbors trades near its 52-week high of $267.11, having delivered an impressive 44% return over the past year. According to InvestingPro analysis, the stock currently trades above its Fair Value, with a P/E ratio of 30.7x. Clean Harbors, based in Norwell, Massachusetts, specializes in hazardous waste management and related services. The company maintains strong financial health with a current ratio of 2.1x and operates with moderate debt levels. Want deeper insights into Clean Harbors' insider trading patterns and valuation metrics? InvestingPro offers comprehensive analysis with 10+ additional ProTips and detailed financial metrics.
In other recent news, Clean Harbors has reported mixed results in its third quarter, with a year-over-year revenue increase of 12% and an adjusted EBITDA rise of nearly $47 million. The Environmental Services (ES) segment saw a 13% increase in revenue and a 15% rise in adjusted EBITDA, while the Safety-Kleen Sustainability Solutions (SKSS) segment saw a 6% rise in revenue, but fell $11 million short of expectations. Truist Securities, TD Cowen, and BMO Capital Markets have all maintained positive ratings for Clean Harbors, with price targets ranging from $273 to $325. Clean Harbors has also shown interest in potential mergers and acquisitions, ending Q3 with a cash balance of $595 million. Looking ahead, the company anticipates mid-single-digit organic revenue growth and adjusted EBITDA growth in the mid to high single digits for 2025. These recent developments indicate ongoing activity and potential growth for Clean Harbors.
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