On September 16, 2024, Michael Battles, Co-Chief Executive Officer of Clean Harbors Inc (CLH, Financial), executed a sale of 10,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 77,136 shares of Clean Harbors Inc.
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.
The shares were sold at a price of $245.74, valuing the transaction at approximately $2,457,400. This sale has contributed to a total of 14 insider sells over the past year, with no insider buys recorded during the same period.
As of the latest sale, Clean Harbors Inc has a market cap of approximately $13.21 billion. The company's price-earnings ratio stands at 33.82, which is above both the industry median of 19.465 and the company’s historical median.
The stock's current price of $245.74 also reflects a significant premium according to the GF Value of $166.48, indicating a price-to-GF-Value ratio of 1.48. This assessment suggests that Clean Harbors Inc is significantly overvalued based on intrinsic value metrics.
The GF Value is determined by historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale follows a trend within Clean Harbors Inc, where insider activity has been characterized by more sales than purchases, reflecting a possible sentiment about the valuation levels of the stock.
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.
