Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC reduced its holdings in Clean Harbors, Inc. (NYSE:CLH) by 14.2% during the 3rd quarter, Holdings Channel reports. The fund owned 22,155 shares of the business services provider’s stock after selling 3,665 shares during the quarter. Clean Harbors comprises 1.4% of Lisanti Capital Growth LLC’s portfolio, making the stock its 20th largest holding. Lisanti Capital Growth LLC’s holdings in Clean Harbors were worth $5,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in CLH. Clearbridge Investments LLC lifted its holdings in Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after purchasing an additional 248,240 shares during the period. Lazard Freres Gestion S.A.S. acquired a new stake in shares of Clean Harbors in the 2nd quarter worth approximately $42,968,000. Marshall Wace LLP boosted its holdings in shares of Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after acquiring an additional 90,756 shares in the last quarter. Spirepoint Private Client LLC acquired a new position in shares of Clean Harbors during the 1st quarter valued at $16,594,000. Finally, Janus Henderson Group PLC raised its stake in shares of Clean Harbors by 5.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after buying an additional 78,848 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling

In other Clean Harbors news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the sale, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,227 shares of company stock valued at $2,759,617 over the last quarter. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Stock Up 0.4 %

Shares of CLH opened at $260.26 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The company has a 50-day simple moving average of $247.16 and a 200-day simple moving average of $231.76. Clean Harbors, Inc. has a 52 week low of $154.90 and a 52 week high of $267.11. The firm has a market capitalization of $14.03 billion, a P/E ratio of 33.89 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 earnings per share. On average, equities research analysts expect that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CLH shares. Truist Financial boosted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer raised their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Robert W. Baird lowered their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Needham & Company LLC dropped their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Buy” and a consensus target price of $254.33.

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.