Arlington Trust Co LLC Lowers Holdings in Clean Harbors, Inc. (NYSE:CLH)

Arlington Trust Co LLC trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 30.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 573 shares of the business services provider’s stock after selling 248 shares during the period. Arlington Trust Co LLC’s holdings in Clean Harbors were worth $132,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CLH. FMR LLC raised its holdings in Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after acquiring an additional 187,140 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Clean Harbors by 3.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Clean Harbors in the third quarter worth $17,258,000. Franklin Resources Inc. lifted its holdings in shares of Clean Harbors by 24.2% during the third quarter. Franklin Resources Inc. now owns 205,295 shares of the business services provider’s stock valued at $53,313,000 after purchasing an additional 39,976 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Clean Harbors by 108.1% in the 3rd quarter. SG Americas Securities LLC now owns 2,824 shares of the business services provider’s stock worth $683,000 after buying an additional 37,817 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Down 1.2 %

NYSE CLH opened at $234.09 on Monday. The stock’s 50-day moving average price is $237.56 and its 200-day moving average price is $242.39. The company has a market capitalization of $12.62 billion, a P/E ratio of 30.48 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 52 week low of $176.02 and a 52 week high of $267.11.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CLH. Oppenheimer increased their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Stifel Nicolaus raised their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. TD Cowen initiated coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Finally, Robert W. Baird cut their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and an average price target of $269.44.

Insider Activity at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total value of $1,515,291.42. Following the sale, the chief executive officer now owns 55,657 shares of the company’s stock, valued at $13,937,625.94. This represents a 9.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,836 shares of company stock worth $1,966,314. 5.90% of the stock is owned by corporate insiders.

About Clean Harbors

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.