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

Trinity Street Asset Management LLP raised its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 9.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 120,465 shares of the business services provider's stock after acquiring an additional 10,425 shares during the period. Clean Harbors accounts for about 2.4% of Trinity Street Asset Management LLP's holdings, making the stock its 10th biggest position. Trinity Street Asset Management LLP owned 0.22% of Clean Harbors worth $23,744,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CLH. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors in the fourth quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after buying an additional 159 shares during the period. Allworth Financial LP grew its stake in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after buying an additional 103 shares during the period. Assetmark Inc. increased its holdings in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after buying an additional 205 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Clean Harbors in the 4th quarter worth $56,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren States sold 836 shares of the stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total transaction of $189,078.12. Following the transaction, the director now owns 11,871 shares in the company, valued at $2,684,864.07. This trade represents a 6.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,833 shares of company stock valued at $1,227,181 in the last three months. Corporate insiders own 5.60% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CLH shares. Stifel Nicolaus lowered their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Needham & Company LLC cut their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Truist Financial decreased their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group dropped their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, UBS Group reduced their target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors Stock Down 0.9%

CLH traded down $2.04 during trading hours on Wednesday, reaching $224.52. 406,608 shares of the stock traded hands, compared to its average volume of 349,672. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a market cap of $12.03 billion, a price-to-earnings ratio of 30.26 and a beta of 1.19. The firm's fifty day simple moving average is $213.79 and its two-hundred day simple moving average is $223.46.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.07. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company's revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. As a group, analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Clean Harbors 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.