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

Central Pacific Bank Trust Division grew its holdings in Clean Harbors, Inc. (NYSE:CLH) by 35.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 947 shares of the business services provider’s stock after buying 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 filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Clean Harbors during the 2nd quarter worth $56,000. Prospera Private Wealth LLC purchased a new position in Clean Harbors during the third quarter worth about $56,000. CENTRAL TRUST Co boosted its holdings in 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 increased its holdings in shares of Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CLH shares. Robert W. Baird decreased their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Oppenheimer increased their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, Stifel Nicolaus lifted their price target on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Clean Harbors presently has an average rating of “Buy” and an average target price of $271.00.

Clean Harbors Price Performance

Shares of CLH opened at $231.77 on Friday. The company has a market cap of $12.49 billion, a P/E ratio of 30.18 and a beta of 1.22. 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 moving average price is $245.42 and its 200 day moving average price is $240.66.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS. On average, research analysts forecast that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 610 shares of the company’s stock in a transaction that occurred 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. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the transaction, the director now owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,446 shares of company stock valued at $2,119,483 in the last quarter. Corporate insiders own 5.90% of the company’s stock.

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.