In a recent transaction, Lauren States, a director at Clean Harbors Inc (NYSE:CLH), sold 1,148 shares of the company's common stock. The sale was executed at a price of $218.14 per share, resulting in a total value of approximately $250,424.
Clean Harbors, a leader in hazardous waste management, has seen its shares actively traded by its executives, reflecting the ongoing financial activities within the company's upper echelon. The transaction took place on May 23, with the formal filing made the following day, providing the public with insight into the trading patterns of Clean Harbors' directors and officers.
Following the sale, States' holdings in Clean Harbors have decreased, but she still retains 13,767 shares of common stock directly. These transactions are part of the routine disclosures that company insiders make, offering a glimpse into their investment moves within the company.
Investors often monitor insider sales and purchases as they can provide valuable signals about the company's financial health and future prospects. While these transactions can be influenced by a variety of factors, they remain a point of interest for the investment community.
Clean Harbors continues to be a significant player in the environmental services industry, and insider transactions such as these are closely watched by market participants for indications of the company's trajectory.
InvestingPro Insights
As Clean Harbors Inc (NYSE:CLH) navigates the landscape of environmental services, the company's financial metrics and insider transactions are closely scrutinized by investors seeking to gauge its performance and potential. Clean Harbors currently boasts a market capitalization of $11.61 billion and trades at a Price/Earnings (P/E) ratio of 30.81, reflecting investor confidence in its earnings capacity. The company's stock stability is underscored by its low price volatility, an attractive feature for investors prioritizing steady returns.
From a profitability perspective, Clean Harbors has delivered a strong return over the last three months, with a 16.79% price total return, and an even more impressive 48.87% return over the past year, as of mid-2024. This performance is in line with the company trading near its 52-week high, at 98.35% of this threshold, indicating that the stock is currently favored in the market.
InvestingPro Tips suggest that Clean Harbors is trading at a high earnings multiple, which could be a sign of investor optimism about the company's future growth. Moreover, analysts have revised their earnings upwards for the upcoming period, signaling potential for continued financial strength. For investors intrigued by these insights, there are additional tips available on InvestingPro, including a total of 14 tips that further analyze Clean Harbors' financial health and market position.
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