Trinity Street Asset Management LLP Decreases Stock Holdings in Clean Harbors, Inc. $CLH

Trinity Street Asset Management LLP trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,177 shares of the business services provider’s stock after selling 3,426 shares during the quarter. Clean Harbors comprises about 1.7% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 11th largest holding. Trinity Street Asset Management LLP owned approximately 0.22% of Clean Harbors worth $27,476,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Clean Harbors in the 3rd quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new position in shares of Clean Harbors in the 4th quarter valued at approximately $34,000. True Wealth Design LLC raised its position in shares of Clean Harbors by 102.7% in the 4th quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 77 shares during the last quarter. Bayforest Capital Ltd purchased a new position in shares of Clean Harbors in the 3rd quarter valued at approximately $44,000. Finally, First Horizon Corp purchased a new position in shares of Clean Harbors in the 3rd quarter valued at approximately $44,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clean Harbors

In other news, CFO Eric J. Dugas sold 2,788 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the sale, the chief financial officer owned 15,933 shares of the company’s stock, valued at $4,482,112.23. This trade represents a 14.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marcy L. Reed sold 836 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total transaction of $240,717.84. Following the sale, the director directly owned 5,081 shares in the company, valued at $1,463,023.14. The trade was a 14.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 13,597 shares of company stock worth $3,895,286. 5.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CLH has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on shares of Clean Harbors from $291.00 to $309.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 18th. Weiss Ratings raised shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. TD Cowen reissued a “buy” rating on shares of Clean Harbors in a research report on Thursday, February 19th. Raymond James Financial reissued a “strong-buy” rating and set a $320.00 price target on shares of Clean Harbors in a research report on Monday, February 23rd. Finally, Barclays raised their price target on shares of Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $308.09.

Clean Harbors Stock Performance

CLH opened at $302.81 on Thursday. Clean Harbors, Inc. has a 12-month low of $179.47 and a 12-month high of $316.98. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $16.02 billion, a PE ratio of 41.59 and a beta of 0.94. The firm has a 50 day moving average of $282.25 and a two-hundred day moving average of $251.27.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.03. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $1.55 EPS. On average, analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Clean Harbors 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.