Clean Harbors Inc (NYSE:CLH) has reported a recent transaction involving its EVP Chief Financial Officer, Eric J. Dugas, who sold shares of the company stock. According to the latest filing, Dugas sold 6,200 shares at a price of $208.74 each, amounting to a total value of over $1.29 million.
The transaction took place on May 3, 2024, and was disclosed in a Form 4 filing with the Securities and Exchange Commission on May 6, 2024. Following the sale, Dugas still holds a total of 21,482 shares of Clean Harbors, a leading provider in hazardous waste management services.
The sale of shares by a company's CFO can be an important event for investors, as it provides insight into an insider's view of the company's financial health and future prospects. However, it is also not uncommon for executives to sell shares for personal financial management reasons, unrelated to their outlook on the company's future.
Clean Harbors has not issued any official statement regarding the transaction, and it remains a routine disclosure as required by SEC regulations for insider transactions.
Investors and market watchers often pay close attention to insider trading patterns, looking for clues about a company's potential future performance. Clean Harbors' shares are publicly traded on the New York Stock Exchange under the ticker symbol CLH, and investors can continue to monitor the trading activity of the company's insiders for further insights.
It's worth noting that insider transactions are not necessarily indicative of future stock movement and can be influenced by a variety of factors, including personal financial planning or portfolio diversification strategies by the insiders.
InvestingPro Insights
Amidst the recent insider trading activity at Clean Harbors Inc (NYSE:CLH), investors may find it useful to consider some key metrics and analyst insights provided by InvestingPro. According to real-time data, Clean Harbors currently holds a market capitalization of $11.18 billion, reflecting its substantial presence in the hazardous waste management sector. The company's Price/Earnings (P/E) ratio stands at 29.78 for the last twelve months as of Q1 2024, which may suggest a valuation premium relative to earnings.
InvestingPro Tips reveal that Clean Harbors has witnessed a strong return over the last year, with a one-year price total return of 52.8%. This performance is further highlighted by a significant six-month price uptick, resulting in a 34.3% return over that period. Additionally, the company is trading near its 52-week high, with the price at 98.64% of this peak, indicating robust recent performance and potentially high investor confidence.
Moreover, analysts have revised their earnings upwards for the upcoming period, signaling optimism about the company's financial prospects. This aligns with the fact that Clean Harbors has been profitable over the last twelve months and analysts predict profitability to continue this year. For investors seeking detailed analysis and additional insights, there are more InvestingPro Tips available, which can be accessed through the dedicated InvestingPro platform for Clean Harbors: https://www.investing.com/pro/CLH. There are currently 11 more tips listed, offering a comprehensive view of the company's financial health and market position.
Interested investors may consider using the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing access to a wealth of data and insights that can inform investment decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.