Transaction details
Clean Harbors INC (NYSE: CLH) Executive Vice President and Chief Financial Officer Eric J. Dugas executed a sale of 2,788 shares of the company's common stock on February 20, 2026. The shares changed hands at $281.31 apiece, producing total proceeds of $784,292. Following that sale, Dugas retains direct ownership of 15,933 Clean Harbors shares.
Corporate developments and near-term strategic moves
Separately, Clean Harbors has entered into an agreement to acquire the Industrial Services and Rail Services business of Depot Connect International for roughly $130 million. The assets involved span five locations across Ohio, Louisiana and Texas. The company expects the transaction to close in the first half of 2026.
Recent financial performance
Clean Harbors reported fourth-quarter 2025 results that surpassed consensus estimates for both revenue and adjusted EBITDA, with particular strength noted in its Environmental Services business. Management has provided fiscal year 2026 guidance with net income and free cash flow midpoints that sit above Street expectations.
Analyst reaction
Following the quarter and the announced acquisition, several sell-side firms adjusted their price targets higher while maintaining constructive ratings. Needham raised its target to $308, Oppenheimer moved its target to $300, and BMO Capital reset its target to $310, each maintaining a positive stance on the stock. TD Cowen also lifted its price target to $320, specifically citing Clean Harbors' M&A runway and its adjusted EBITDA assumptions. Analysts called out the company's execution, improving demand trends and strategic capital deployment as supporting factors for their upgraded outlooks.
Context and constraints
The facts presented here are limited to the disclosed insider sale, the pending acquisition terms and the company's reported quarter and guidance. No additional claims about future results or motivations have been made beyond what Clean Harbors and the named analysts publicly noted.