Trust Point Inc. Raises Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Trust Point Inc. boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 34.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,532 shares of the business services provider’s stock after acquiring an additional 396 shares during the period. Trust Point Inc.’s holdings in Clean Harbors were worth $353,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Spire Wealth Management grew its position in Clean Harbors by 396.7% during the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock valued at $69,000 after buying an additional 238 shares during the period. DAVENPORT & Co LLC grew its position in Clean Harbors by 2.0% during the fourth quarter. DAVENPORT & Co LLC now owns 339,898 shares of the business services provider’s stock valued at $78,228,000 after buying an additional 6,568 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of Clean Harbors in the fourth quarter valued at about $5,455,000. Robeco Institutional Asset Management B.V. grew its position in shares of Clean Harbors by 36.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,836 shares of the business services provider’s stock valued at $883,000 after purchasing an additional 1,024 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Clean Harbors by 29.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,636 shares of the business services provider’s stock valued at $2,218,000 after purchasing an additional 2,165 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,836 shares of company stock worth $1,966,314 in the last ninety days. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Price Performance

Clean Harbors stock opened at $236.47 on Thursday. The firm has a market cap of $12.75 billion, a PE ratio of 30.79 and a beta of 1.24. Clean Harbors, Inc. has a 52-week low of $171.89 and a 52-week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The company’s 50 day moving average is $238.51 and its two-hundred day moving average is $242.27.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CLH. TD Cowen began coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. Stifel Nicolaus boosted their price target on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Truist Financial boosted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $269.44.

Clean Harbors Company 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.