Trinity Street Asset Management LLP Sells 11,466 Shares of Clean Harbors, Inc. $CLH

Trinity Street Asset Management LLP reduced its stake in Clean Harbors, Inc. (NYSE:CLH) by 10.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 97,925 shares of the business services provider’s stock after selling 11,466 shares during the quarter. Clean Harbors makes up 1.5% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 13th largest holding. Trinity Street Asset Management LLP’s holdings in Clean Harbors were worth $29,255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Elyxium Wealth LLC bought a new position in shares of Clean Harbors during the fourth quarter valued at about $26,000. Quattro Advisors LLC bought a new position in shares of Clean Harbors during the 4th quarter worth approximately $26,000. MidFirst Bank purchased a new position in shares of Clean Harbors in the 4th quarter worth approximately $28,000. Parkside Financial Bank & Trust grew its holdings in shares of Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 115 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $316.98 on Thursday. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The stock has a market capitalization of $16.73 billion, a P/E ratio of 38.47, a P/E/G ratio of 2.05 and a beta of 0.86. The company’s 50-day moving average is $300.12 and its 200 day moving average is $291.73. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $2.36 earnings per share. Clean Harbors’s quarterly revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts expect that Clean Harbors, Inc. will post 9.51 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial lifted their price target on Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. TD Cowen lifted their price target on Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Needham & Company LLC upped their price target on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Barclays raised their target price on shares of Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Finally, Bank of America set a $377.00 price target on Clean Harbors and gave the company a “buy” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.57.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 789 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the sale, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is owned by corporate insiders.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.