Trinity Street Asset Management LLP Trims Holdings in Clean Harbors, Inc. (NYSE:CLH)

Trinity Street Asset Management LLP decreased its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,040 shares of the business services provider’s stock after selling 13,392 shares during the quarter. Clean Harbors comprises about 2.5% of Trinity Street Asset Management LLP’s portfolio, making the stock its 8th largest holding. Trinity Street Asset Management LLP’s holdings in Clean Harbors were worth $25,325,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in Clean Harbors by 17.7% during the second quarter. Envestnet Asset Management Inc. now owns 89,554 shares of the business services provider’s stock valued at $20,253,000 after buying an additional 13,458 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Clean Harbors during the 2nd quarter valued at approximately $56,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Clean Harbors by 19.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,828 shares of the business services provider’s stock valued at $1,996,000 after purchasing an additional 1,467 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Clean Harbors by 4.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,541 shares of the business services provider’s stock worth $1,705,000 after purchasing an additional 343 shares during the last quarter. Finally, Waterloo Capital L.P. purchased a new stake in Clean Harbors during the second quarter valued at $201,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

CLH opened at $241.80 on Friday. The business has a fifty day moving average of $242.47 and a 200 day moving average of $241.01. The stock has a market cap of $13.03 billion, a P/E ratio of 31.48 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 $163.72 and a 52-week high of $267.11.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CLH. Truist Financial boosted their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird dropped their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, 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 on the stock. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $269.44.

Insider Activity at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now owns 39,160 shares in the company, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,446 shares of company stock worth $2,112,800. Company 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.