Trinity Street Asset Management LLP Cuts Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Trinity Street Asset Management LLP lessened its position in Clean Harbors, Inc. (NYSE:CLH) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,040 shares of the business services provider’s stock after selling 13,392 shares during the quarter. Clean Harbors makes up about 2.5% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 8th largest holding. Trinity Street Asset Management LLP owned about 0.20% of Clean Harbors worth $25,325,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CLH. UMB Bank n.a. grew its holdings in Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $56,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Clean Harbors in the 2nd quarter worth approximately $56,000. CENTRAL TRUST Co increased its position in Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after buying an additional 160 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after buying an additional 87 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CLH shares. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday. Oppenheimer increased their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird cut their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock 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. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $269.44.

Clean Harbors Price Performance

NYSE CLH opened at $241.80 on Friday. The stock has a market capitalization of $13.03 billion, a price-to-earnings ratio of 31.48 and a beta of 1.24. Clean Harbors, Inc. has a 1-year low of $163.72 and a 1-year high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The business’s fifty day moving average price is $242.47 and its 200-day moving average price is $241.01.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The firm had revenue of $1.53 billion for 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%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 EPS. On average, equities analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the sale, the chief executive officer now owns 55,657 shares of the company’s stock, valued at $13,937,625.94. The trade was a 9.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the transaction, the director now directly owns 12,842 shares in the company, valued at approximately $3,207,674.76. This represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,446 shares of company stock worth $2,112,800 in the last quarter. 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.