Clean Harbors Inc . (NYSE:CLH), a leader in hazardous waste management, has reported a significant stock transaction by one of its top executives. Brian P. Weber, the company's Executive Vice President of Clean Harbors Environmental Services Inc. (CHESI), sold 7,996 shares of company stock on March 27, 2024. The transaction amounted to a total of $1,591,763, with the shares sold at a price of $199.07 each.
The recent sale by Weber has adjusted his direct ownership in the company to a remaining 62,803 shares. This move comes as part of the regular financial disclosures required by executives and insiders of publicly traded companies.
Investors often keep a close eye on insider transactions as they may provide insights into the executive's confidence in the company's future prospects. Clean Harbors has not provided any official comment on the transaction, and it remains a routine disclosure as per regulatory requirements.
This transaction was disclosed in accordance with SEC regulations, which mandate company insiders to report sales and purchases of company stock. The details of the sale were made public in a Form 4 filing with the Securities and Exchange Commission.
Clean Harbors Inc. has been at the forefront of environmental, energy, and industrial services, providing a broad range of hazardous waste management, cleanup, and disposal services. The company's stock performance and insider transactions are closely monitored by investors seeking to understand the market dynamics and the confidence of company insiders in the growth and stability of Clean Harbors.
Shareholders and potential investors in Clean Harbors can access the full details of the transaction through the SEC's EDGAR database, where the Form 4 filing is available for public viewing.
InvestingPro Insights
Clean Harbors Inc. (NYSE:CLH) has been in the spotlight following the recent stock transaction by executive Brian P. Weber. For investors analyzing the implications of such insider activity, it's essential to consider the company's broader financial health and market performance. According to InvestingPro data, Clean Harbors boasts a market capitalization of $10.89 billion as of the last twelve months ending Q4 2023, reflecting its significant presence in the waste management industry.
The company's performance metrics are also noteworthy, with a Price to Earnings (P/E) ratio of 28.51, closely aligned with the adjusted P/E for the same period at 28.47. This indicates a consistency in valuation when extraordinary items are accounted for. Additionally, the revenue growth for Clean Harbors has been modest yet positive, at 4.69% during the last twelve months as of Q4 2023, suggesting a steady business expansion.
InvestingPro Tips highlight some key factors that might interest investors. The stock has been trading near its 52-week high, which could indicate market optimism about the company's future prospects. Moreover, Clean Harbors has been profitable over the last twelve months, and analysts predict the company will continue to be profitable this year. These insights, coupled with the stock's high return over the last year, provide a comprehensive view of the company's performance.
For investors wanting a deeper dive into Clean Harbors' financials and stock performance, additional InvestingPro Tips are available. There are 11 more tips that can guide investment decisions, accessible through the dedicated InvestingPro platform. To explore these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and uncover valuable information that could shape your investment strategy.
As Clean Harbors continues to navigate the environmental services sector, these InvestingPro insights can help shareholders and potential investors make informed decisions, especially in light of recent insider transactions.
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