Central Pacific Bank Trust Division Has $169,000 Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Central Pacific Bank Trust Division lowered its stake in Clean Harbors, Inc. (NYSE:CLH) by 12.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 700 shares of the business services provider’s stock after selling 100 shares during the period. Central Pacific Bank Trust Division’s holdings in Clean Harbors were worth $169,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Grayhawk Investment Strategies Inc. acquired a new position in shares of Clean Harbors during the 4th quarter worth approximately $732,000. Mountain Pacific Investment Advisers Inc. ID acquired a new position in shares of Clean Harbors during the 1st quarter worth approximately $14,161,000. Perpetual Ltd grew its position in shares of Clean Harbors by 9.6% during the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock worth $10,629,000 after purchasing an additional 4,606 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Clean Harbors by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after purchasing an additional 182,622 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Clean Harbors by 83.3% during the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC increased their price target on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 27th. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Oppenheimer increased their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $242.40.

Insiders Place Their Bets

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Trading Up 0.8 %

CLH opened at $245.56 on Friday. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $251.65. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average of $238.93 and a 200-day moving average of $221.28. The stock has a market cap of $13.24 billion, a PE ratio of 35.54 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company posted $2.13 earnings per share. On average, sell-side analysts predict that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Clean Harbors 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.