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

Central Pacific Bank Trust Division reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 12.5% during the third quarter, Holdings Channel reports. The firm 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 SEC filing.

A number of other large investors also recently made changes to their positions in CLH. Clearbridge Investments LLC lifted its position in shares of Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after purchasing an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. bought a new stake in Clean Harbors in the second quarter worth about $42,968,000. Wellington Management Group LLP raised its position in Clean Harbors by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after acquiring an additional 182,622 shares during the period. DAVENPORT & Co LLC raised its position in Clean Harbors by 93.1% in the first quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock worth $53,124,000 after acquiring an additional 127,498 shares during the period. Finally, Marshall Wace LLP raised its position in Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after acquiring an additional 90,756 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

NYSE CLH opened at $245.56 on Friday. The company’s 50 day moving average is $238.93 and its 200-day moving average is $221.28. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-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 firm has a market cap of $13.24 billion, a P/E ratio of 35.54 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.21 by $0.25. The company 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%. Clean Harbors’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.13 earnings per share. Sell-side analysts predict that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Insider Activity at Clean Harbors

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

Wall Street Analysts Forecast Growth

Several analysts have commented on CLH shares. Oppenheimer lifted their price objective 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. Needham & Company LLC lifted their price objective 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. The Goldman Sachs Group lifted their price objective 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. Truist Financial lifted their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Robert W. Baird boosted their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors has an average rating of “Buy” and a consensus target price of $242.40.

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.