Trust Point Inc. Buys New Holdings in Clean Harbors, Inc. (NYSE:CLH)

Trust Point Inc. purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,223 shares of the business services provider’s stock, valued at approximately $213,000.

A number of other large investors also recently modified their holdings of CLH. Raymond James & Associates raised its holdings in Clean Harbors by 146.7% in the first quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock valued at $4,133,000 after buying an additional 22,012 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Clean Harbors in the 1st quarter valued at $1,672,000. HighTower Advisors LLC lifted its holdings in shares of Clean Harbors by 68.7% during the 1st quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock valued at $793,000 after acquiring an additional 2,883 shares in the last quarter. Acadian Asset Management LLC boosted its position in Clean Harbors by 122.5% during the 1st quarter. Acadian Asset Management LLC now owns 4,423 shares of the business services provider’s stock worth $492,000 after purchasing an additional 2,435 shares during the period. Finally, MetLife Investment Management LLC increased its holdings in Clean Harbors by 33.5% in the 1st quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock valued at $3,616,000 after purchasing an additional 8,127 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares in the company, valued at $897,912.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the sale, the executive vice president now owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,185 shares of company stock valued at $4,819,554. Corporate insiders own 6.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on CLH shares. BMO Capital Markets boosted their price objective on Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Oppenheimer upped their price target on Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Truist Financial lifted their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th. Finally, Needham & Company LLC lifted their price target on shares of Clean Harbors from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Clean Harbors has a consensus rating of “Buy” and a consensus price target of $196.00.

Clean Harbors Price Performance

CLH opened at $198.67 on Monday. The company has a market capitalization of $10.72 billion, a P/E ratio of 28.59 and a beta of 1.24. The company has a 50-day moving average of $186.46 and a 200-day moving average of $172.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98. Clean Harbors, Inc. has a 1-year low of $129.70 and a 1-year high of $202.58.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company earned $1.44 earnings per share. Clean Harbors’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Clean Harbors, Inc. will post 7.35 EPS 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.