Triasima Portfolio Management inc. Acquires 3,640 Shares of Clean Harbors, Inc. $CLH

Triasima Portfolio Management inc. acquired a new position in Clean Harbors, Inc. (NYSE:CLH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,640 shares of the business services provider’s stock, valued at approximately $1,129,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLH. Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its holdings in Clean Harbors by 94.4% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock worth $4,874,000 after acquiring an additional 8,252 shares during the period. WINTON GROUP Ltd acquired a new position in Clean Harbors in the second quarter valued at approximately $2,617,000. Janus Henderson Group PLC boosted its position in Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after purchasing an additional 215,659 shares in the last quarter. Bessemer Group Inc. boosted its position in Clean Harbors by 1.8% in the 1st quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after purchasing an additional 16,747 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its position in Clean Harbors by 152.9% in the 4th quarter. Corient Private Wealth LLC now owns 12,682 shares of the business services provider’s stock worth $2,975,000 after purchasing an additional 7,667 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Stock Up 0.5%

CLH stock opened at $320.69 on Friday. The stock has a market capitalization of $16.93 billion, a P/E ratio of 38.92, a P/E/G ratio of 1.86 and a beta of 0.87. The firm has a 50-day simple moving average of $316.55 and a 200-day simple moving average of $304.28. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $335.94.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.36 EPS. Equities analysts forecast that Clean Harbors, Inc. will post 9.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CLH shares. Citigroup lifted their target price on shares of Clean Harbors from $376.00 to $378.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company increased their price target on shares of Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Bank of America set a $377.00 price target on shares of Clean Harbors and gave the company a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, William Blair started coverage on shares of Clean Harbors in a report on Thursday, September 10th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $357.71.

Insider Activity at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director owned 8,979 shares in the company, valued at $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares in the company, valued at $18,249,862.62. This represents a 4.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is currently owned by insiders.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, industrial, and waste management services to commercial, industrial, government, and other customers. The company manages hazardous and non-hazardous waste through collection, transportation, treatment, recycling, and disposal services. It also provides emergency response services for chemical spills, environmental incidents, and other hazardous-material events.

Clean Harbors offers industrial maintenance and specialty services, including industrial cleaning, facility maintenance, chemical cleaning, waste handling, and turnaround support for refineries, manufacturing facilities, utilities, and other industrial operations.