Clean Harbors, Inc. (NYSE:CLH) Position Lowered by Trinity Street Asset Management LLP

Trinity Street Asset Management LLP cut its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,040 shares of the business services provider's stock after selling 13,392 shares during the quarter. Clean Harbors accounts for about 2.5% of Trinity Street Asset Management LLP's portfolio, making the stock its 8th biggest position. Trinity Street Asset Management LLP owned approximately 0.20% of Clean Harbors worth $25,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. UMB Bank n.a. grew its holdings in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock valued at $52,000 after acquiring an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Clean Harbors during the 2nd quarter worth $56,000. Prospera Private Wealth LLC purchased a new stake in shares of Clean Harbors during the 3rd quarter valued at approximately $56,000. CENTRAL TRUST Co lifted its position in shares of Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after acquiring an additional 160 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in shares of Clean Harbors by 42.6% in the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider's stock worth $70,000 after acquiring an additional 87 shares during the period. Institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Up 1.1 %

CLH stock traded up $2.58 during trading on Friday, hitting $241.80. 387,965 shares of the company traded hands, compared to its average volume of 264,519. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The company has a 50-day moving average of $242.47 and a 200-day moving average of $241.01. The firm has a market capitalization of $13.03 billion, a PE 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.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results 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). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CLH has been the subject of several analyst reports. TD Cowen began coverage on Clean Harbors in a research note on Friday, December 6th. They issued a "buy" rating and a $325.00 target price for the company. Stifel Nicolaus upped their target price 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. Robert W. Baird reduced their price target on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Oppenheimer lifted their price objective on Clean Harbors from $255.00 to $256.00 and gave the company an "outperform" rating in a research note on Monday, January 13th. Finally, Truist Financial raised their price target on Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $269.44.

Insiders Place Their Bets

In other news, CEO Eric W. Gerstenberg sold 6,051 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 55,657 shares of the company's stock, valued at approximately $13,937,625.94. This represents a 9.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the company'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 sale, the director now directly owns 12,842 shares in the company, valued at approximately $3,207,674.76. The trade was a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,446 shares of company stock worth $2,112,800. 5.90% of the stock is currently owned by company 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.