Clean Harbors, Inc. $CLH Holdings Increased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC grew its position in Clean Harbors, Inc. (NYSE:CLH) by 46.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,385 shares of the business services provider’s stock after acquiring an additional 2,640 shares during the period. Lisanti Capital Growth LLC’s holdings in Clean Harbors were worth $2,601,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. WINTON GROUP Ltd purchased a new position in Clean Harbors in the second quarter worth $2,617,000. Bessemer Group Inc. boosted its holdings in Clean Harbors by 1.8% during the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after buying an additional 16,747 shares in the last quarter. Bank of America Corp DE purchased a new stake in Clean Harbors during the second quarter worth about $142,801,000. Squarepoint Ops LLC acquired a new position in Clean Harbors during the second quarter worth about $13,751,000. Finally, Hsbc Holdings PLC acquired a new position in Clean Harbors during the second quarter worth about $6,699,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 2,500 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the sale, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Karyn Polito acquired 125 shares of the stock in a transaction dated Thursday, October 29th. The stock was acquired at an average cost of $314.83 per share, with a total value of $39,353.75. Following the transaction, the director owned 4,252 shares of the company’s stock, valued at approximately $1,338,657.16. This trade represents a 3.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CLH shares. Truist Financial set a $365.00 price target on Clean Harbors in a report on Thursday, October 29th. Needham & Company LLC boosted their target price on Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th. BMO Capital Markets restated an “outperform” rating and issued a $364.00 price target on shares of Clean Harbors in a research report on Thursday, October 15th. Finally, Bank of America set a $377.00 price target on Clean Harbors and gave the stock a “buy” rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Clean Harbors has an average rating of “Moderate Buy” and a consensus target price of $365.29.

Clean Harbors Price Performance

Clean Harbors stock opened at $290.34 on Thursday. The stock has a market capitalization of $15.31 billion, a P/E ratio of 29.15, a P/E/G ratio of 1.62 and a beta of 0.87. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.95 and a quick ratio of 1.63. The firm’s 50-day moving average is $312.00 and its two-hundred day moving average is $298.84.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 28th. The business services provider reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.26 by $0.67. Clean Harbors had a net margin of 8.05% and a return on equity of 18.27%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm posted $2.21 earnings per share. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 10.33 earnings per share for the current year.

About Clean Harbors

Clean Harbors, Inc. provides environmental, industrial and hazardous waste management services to businesses and government organizations. Its services include the collection, transportation, treatment and disposal of hazardous and non-hazardous waste, as well as industrial cleaning and maintenance. The company also offers emergency spill response and related environmental services. Through its Safety-Kleen operations, Clean Harbors collects and re-refines used oil and provides parts-cleaning and other environmental services to commercial and industrial customers.