Clean Harbors Inc. (NYSE:CLH) is a leading provider of environmental, energy, and industrial services across North America. The company is known for its expertise in hazardous waste management, emergency spill response, and industrial cleaning, competing with giants like Waste Management and Republic Services. Recently, Eric J. Dugas, the Executive Vice President and CFO, sold 2,788 shares at $281.31 each, as documented in Form 4 on the SEC's website.
The sale by Dugas comes at a time when Clean Harbors' stock is performing well. The stock recently hit a 52-week high of $284.57, following a strong earnings report. The stock was last traded at $281.45, with a trading volume of 62,414 shares, up from its previous close of $269.08. This indicates strong investor interest and confidence in the company's performance.
Clean Harbors reported earnings per share of $1.62 for the quarter, surpassing analysts' expectations of $1.61. The company achieved a return on equity of 14.61% and a net margin of 6.51%. Revenue for the quarter was $1.5 billion, exceeding forecasts of $1.46 billion and marking a 4.8% increase from the same quarter last year. These figures highlight the company's robust financial health and operational efficiency.
The company's financial metrics further illustrate its market position. With a price-to-earnings (P/E) ratio of approximately 38.74, investors are willing to pay a premium for Clean Harbors' earnings. The price-to-sales ratio of about 2.53 and enterprise value to sales ratio of around 2.97 reflect the company's market value relative to its sales. The enterprise value to operating cash flow ratio of approximately 20.65 shows the company's valuation in relation to its cash flow from operations.
Clean Harbors maintains a debt-to-equity ratio of approximately 1.26, indicating a balanced approach to financing its assets. The current ratio of around 2.33 suggests the company's strong ability to cover short-term liabilities with its short-term assets. These financial metrics, combined with the recent insider trading activity, provide a comprehensive view of Clean Harbors' current market standing and financial health.
