Lisanti Capital Growth LLC Has $5.14 Million Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Lisanti Capital Growth LLC increased its position in Clean Harbors, Inc. (NYSE:CLH) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 29,440 shares of the business services provider’s stock after purchasing an additional 3,620 shares during the quarter. Clean Harbors accounts for 1.2% of Lisanti Capital Growth LLC’s portfolio, making the stock its 25th biggest holding. Lisanti Capital Growth LLC’s holdings in Clean Harbors were worth $5,138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CLH. International Assets Investment Management LLC acquired a new position in shares of Clean Harbors during the fourth quarter worth approximately $2,710,000. LGT Group Foundation increased its holdings in Clean Harbors by 21.2% during the 4th quarter. LGT Group Foundation now owns 26,145 shares of the business services provider’s stock worth $4,600,000 after purchasing an additional 4,571 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Clean Harbors by 12.5% in the fourth quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock worth $106,803,000 after purchasing an additional 67,809 shares during the last quarter. South Dakota Investment Council lifted its holdings in shares of Clean Harbors by 62.3% in the fourth quarter. South Dakota Investment Council now owns 12,247 shares of the business services provider’s stock valued at $2,137,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Clean Harbors by 5.7% during the third quarter. Strs Ohio now owns 194,413 shares of the business services provider’s stock valued at $32,536,000 after buying an additional 10,527 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Insider Activity at Clean Harbors

In other news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 62,803 shares in the company, valued at $12,502,193.21. The disclosure for this sale can be found here. Insiders sold a total of 31,385 shares of company stock valued at $6,113,742 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CLH. Truist Financial raised their price objective on Clean Harbors from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Robert W. Baird increased their price target on Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $235.00 target price on shares of Clean Harbors in a research note on Thursday. Finally, Raymond James raised their price objective on shares of Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and an average price target of $216.40.

Clean Harbors Trading Up 2.5 %

Shares of CLH traded up $5.17 during mid-day trading on Monday, hitting $212.52. 407,596 shares of the company’s stock traded hands, compared to its average volume of 328,882. The company has a quick ratio of 1.72, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $11.46 billion, a P/E ratio of 30.76 and a beta of 1.24. The business’s 50-day moving average price is $193.88 and its 200-day moving average price is $177.40. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $215.34.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm earned $1.36 earnings per share. Clean Harbors’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.46 EPS for the current fiscal year.

About Clean Harbors

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.