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Alan S. McKim, the Executive Chair and CTO of Clean Harbors Inc . (NYSE:CLH), recently executed significant stock transactions involving the company’s common stock. On March 3, McKim sold a total of 52,999 shares, generating approximately $11.1 million. The shares were sold at prices ranging from $210.18 to $212.02. The stock, currently trading at $203.35, has seen a decline of about 12% over the past six months. According to InvestingPro analysis, the company appears to be trading above its Fair Value.
Following these transactions, McKim retained ownership of 2,397,896 shares through the McKim 2007 Trust. Additionally, a separate transaction involving the transfer of 28,073 shares was recorded as a gift, with no monetary exchange involved. This transaction was related to the McKim 2023 Annuity Trust and resulted in zero shares remaining in that trust. Clean Harbors maintains strong financial health with a current ratio of 2.21, indicating solid liquidity. InvestingPro data shows the company’s overall financial health score as "GOOD."
These transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, providing investors with insights into McKim’s recent financial activities with Clean Harbors’ stock. The company, with a market capitalization of nearly $11 billion, has demonstrated strong profitability with a gross margin of 31%. For deeper insights into Clean Harbors’ valuation and financial metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Clean Harbors reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share of $1.56, compared to the forecast of $1.36. However, the company’s revenue slightly missed projections, coming in at $1.43 billion against the anticipated $1.44 billion. Following this, UBS adjusted Clean Harbors’ price target to $240, maintaining a Neutral rating, citing conservative growth projections in the Environmental Services segment as a reason for the adjustment. Stifel also revised its price target for Clean Harbors to $285, keeping a Buy rating, and noted the company’s cautious guidance for fiscal year 2025, despite strong performance in the fourth quarter.
TD Cowen reduced Clean Harbors’ price target to $300 while maintaining a Buy rating, pointing to weaker-than-expected first-quarter forecasts and challenges in the Safety-Kleen Sustainability Solutions segment. Oppenheimer adjusted its price target to $254, maintaining an Outperform rating, and highlighted the company’s strong position for capital allocation and potential for accretive mergers and acquisitions. Analysts from various firms have noted potential opportunities for Clean Harbors, including large-scale emergency response projects and growth in PFAS-related sales, although these are not fully accounted for in the company’s guidance. Despite the challenges, Clean Harbors remains optimistic about its 2025 outlook, projecting continued EBITDA growth and significant investments in expansion projects.
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