On November 15, 2024, Eric Gerstenberg, Co-Chief Executive Officer of Clean Harbors Inc (CLH, Financial), sold 6,051 shares of the company. The transaction was executed at an average price of $250.42 per share, leading to a total sale amount of $1,515,091.42. Following this transaction, the insider now directly owns 55,657 shares of the company, as detailed in the SEC Filing.
Clean Harbors Inc is a provider of environmental, energy, and industrial services, including hazardous waste disposal, emergency response services, and recycling services. The company plays a crucial role in North America’s environmental and industrial infrastructure.
Over the past year, Eric Gerstenberg has sold a total of 29,327 shares of Clean Harbors Inc and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 18 insider sells and no insider buys over the past year.
Shares of Clean Harbors Inc were trading at $250.42 on the day of the sale. The company has a market cap of approximately $13.13 billion. The price-earnings ratio of the stock is 31.71, which is above both the industry median of 19.85 and the company’s historical median.
The stock is currently considered Significantly Overvalued with a price-to-GF Value ratio of 1.48, based on a GF Value of $169.42. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of corporate confidence and potential future stock performance. However, it is essential to consider broader market conditions and individual investment strategies when interpreting insider activities.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
