Trinity Street Asset Management LLP decreased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) by 6.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 109,391 shares of the business services provider’s stock after selling 7,786 shares during the quarter. Clean Harbors makes up approximately 2.2% of Trinity Street Asset Management LLP’s investment portfolio, making the stock its 9th largest position. Trinity Street Asset Management LLP’s holdings in Clean Harbors were worth $31,366,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Quattro Advisors LLC purchased a new stake in Clean Harbors during the 4th quarter valued at approximately $26,000. Elyxium Wealth LLC purchased a new position in shares of Clean Harbors in the 4th quarter valued at approximately $26,000. Parkside Financial Bank & Trust grew 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 position in shares of Clean Harbors in the fourth quarter valued at approximately $28,000. Finally, Larson Financial Group LLC increased 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 purchasing an additional 115 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.
Clean Harbors Stock Down 0.5%
CLH opened at $298.44 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98. The stock has a market capitalization of $15.77 billion, a P/E ratio of 40.44 and a beta of 0.87. The business has a 50 day simple moving average of $293.61 and a 200-day simple moving average of $278.78.
Insider Buying and Selling at Clean Harbors
In other news, Director Lauren States sold 789 shares of the company’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 transaction, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.00% of the stock is currently owned by company insiders.
Analyst Ratings Changes
CLH has been the subject of several recent research reports. Wall Street Zen downgraded Clean Harbors from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Wells Fargo & Company boosted their price objective on shares of Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. The Goldman Sachs Group upped their price objective on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. TD Cowen raised their target price on shares of Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Citigroup raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and lifted their target price for the company from $302.00 to $346.00 in a report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.23.
Read Our Latest Stock Analysis on CLH
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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