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

Key Points

• Trinity Street Asset Management reduced its Clean Harbors stake by 10.5%, selling 11,466 shares and retaining 97,925 shares worth approximately $29.3 million. Institutional investors collectively own 90.43% of the company.
• Analysts remain broadly positive, with Clean Harbors holding a “Moderate Buy” consensus rating and an average price target of $354.57; several firms recently raised targets as high as $380.
• Clean Harbors reported a strong quarter, posting $3.22 in adjusted EPS versus the $2.81 estimate and $1.74 billion in revenue, up 11.9% year over year.

Trinity Street Asset Management LLP cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 10.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,925 shares of the business services provider's stock after selling 11,466 shares during the quarter. Clean Harbors makes up approximately 1.5% of Trinity Street Asset Management LLP's portfolio, making the stock its 13th biggest position. Trinity Street Asset Management LLP owned 0.19% of Clean Harbors worth $29,255,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Quattro Advisors LLC acquired a new stake in Clean Harbors during the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its stake in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider's stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. MidFirst Bank acquired a new stake in shares of Clean Harbors during the fourth quarter worth $28,000. Finally, Larson Financial Group LLC increased its position in shares of Clean Harbors by 676.5% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider's stock worth $31,000 after buying an additional 115 shares during the period. Institutional investors own 90.43% of the company's stock.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the business's stock in a transaction on Tuesday, May 26th. The shares were 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 in the company, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Andrea Robertson sold 789 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the transaction, the director owned 8,979 shares in the company, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Robert W. Baird upped their price target on shares of Clean Harbors from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Thursday, April 16th. Raymond James Financial reissued a "strong-buy" rating and issued a $375.00 price objective on shares of Clean Harbors in a research report on Thursday, July 30th. Truist Financial raised their target price on Clean Harbors from $350.00 to $365.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. TD Cowen lifted their target price on Clean Harbors from $335.00 to $380.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, The Goldman Sachs Group restated a "neutral" rating on shares of Clean Harbors in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $354.57.

Clean Harbors Price Performance

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

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating analysts' consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm's revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.36 EPS. Equities research analysts expect that Clean Harbors, Inc. will post 9.51 EPS for the current fiscal year.

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.

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