Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division grew its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 35.3% during the fourth quarter, Holdings Channel reports. The firm owned 947 shares of the business services provider’s stock after purchasing an additional 247 shares during the period. Central Pacific Bank Trust Division’s holdings in Clean Harbors were worth $218,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. UMB Bank n.a. raised its stake in Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after acquiring an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Clean Harbors during the second quarter worth about $56,000. Prospera Private Wealth LLC purchased a new position in shares of Clean Harbors during the third quarter worth about $56,000. CENTRAL TRUST Co lifted its holdings in shares of Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 160 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in shares of Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Needham & Company LLC cut their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. Oppenheimer upped their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Stifel Nicolaus raised their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird reduced their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $271.00.

Clean Harbors Stock Up 1.0 %

Shares of NYSE:CLH opened at $231.77 on Friday. Clean Harbors, Inc. has a fifty-two week low of $161.39 and a fifty-two week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm’s 50-day simple moving average is $245.42 and its 200-day simple moving average is $240.66. The company has a market cap of $12.49 billion, a price-to-earnings ratio of 30.18 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $1.68 EPS. Clean Harbors’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities research analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 610 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the sale, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the transaction, the chief executive officer now directly owns 55,657 shares in the company, valued at approximately $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,446 shares of company stock worth $2,119,483 over the last three months. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Company Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.