Clean Harbors Inc. (NYSE: CLH) reported an insider transaction on February 23, 2026 in which Co-Chief Executive Officer Eric W. Gerstenberg sold 2,500 shares of common stock at $279.86 per share. The sale produced gross proceeds of $699,650. After completing the trade, Gerstenberg's direct ownership in the company stands at 43,020 shares.
In a separate corporate development, Clean Harbors has entered into an agreement to acquire Depot Connect International’s Industrial Services and Rail Services business in a transaction valued at approximately $130 million. The acquisition package includes five facilities located across Ohio, Louisiana, and Texas. The companies expect the deal to close in the first half of 2026, subject to customary closing conditions.
Following the acquisition announcement and Clean Harbors’ recent financial disclosures, several brokerages adjusted their price targets for the stock. TD Cowen raised its target to $320, citing the company’s M&A potential. Needham lifted its price target to $308 after Clean Harbors exceeded its fourth-quarter 2025 revenue and adjusted EBITDA estimates. Oppenheimer increased its target to $300, pointing to the company’s favorable fiscal 2026 guidance for net income and free cash flow. BMO Capital raised its target to $310, noting improving demand dynamics, strong execution, and effective cost controls. Collectively, these revisions reflect a more positive analyst stance toward Clean Harbors.
This article presents the transaction details and recent corporate developments as reported. The sale by an executive and the announced acquisition, together with analyst target increases, are the primary items disclosed by the company and the analysts cited.