Lisanti Capital Growth LLC Has $5.37 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

Lisanti Capital Growth LLC lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 9.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 26,655 shares of the business services provider’s stock after selling 2,785 shares during the quarter. Clean Harbors accounts for about 1.3% of Lisanti Capital Growth LLC’s holdings, making the stock its 21st biggest position. Lisanti Capital Growth LLC’s holdings in Clean Harbors were worth $5,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLH. Nations Financial Group Inc. IA ADV increased its holdings in shares of Clean Harbors by 4.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 1,287 shares of the business services provider’s stock valued at $259,000 after purchasing an additional 50 shares during the period. GAMMA Investing LLC increased its holdings in shares of Clean Harbors by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Clean Harbors by 0.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,573 shares of the business services provider’s stock valued at $1,845,000 after purchasing an additional 58 shares during the period. Blue Trust Inc. grew its stake in shares of Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 75 shares in the last quarter. Finally, Commerce Bank grew its stake in shares of Clean Harbors by 3.3% in the 4th quarter. Commerce Bank now owns 2,457 shares of the business services provider’s stock valued at $429,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Clean Harbors stock traded up $0.62 during trading hours on Friday, reaching $227.06. 295,309 shares of the company were exchanged, compared to its average volume of 300,982. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 32.87 and a beta of 1.21. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average of $219.06 and a 200 day moving average of $196.41. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $231.15.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the business earned $1.36 earnings per share. Clean Harbors’s revenue for the quarter was up 5.3% compared to the same quarter last year. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.47 earnings per share for the current year.

Analyst Ratings Changes

CLH has been the subject of several recent research reports. Raymond James boosted their price target on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. Robert W. Baird boosted their price target on Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Finally, Truist Financial boosted their price target on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday. One research 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. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $218.40.

Insider Activity

In other news, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the sale, the insider now directly owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Lauren States sold 1,148 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the transaction, the director now directly owns 13,767 shares in the company, valued at $3,003,133.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the transaction, the insider now owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,348 shares of company stock valued at $12,320,113. 5.90% of the stock is owned by company insiders.

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.