Lisanti Capital Growth LLC Grows Holdings in Clean Harbors, Inc. (NYSE:CLH)

Lisanti Capital Growth LLC boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,440 shares of the business services provider’s stock after acquiring an additional 3,620 shares during the period. Clean Harbors accounts for about 1.2% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 25th largest holding. Lisanti Capital Growth LLC owned about 0.05% of Clean Harbors worth $5,138,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Steph & Co. lifted its holdings in shares of Clean Harbors by 4.7% during the third quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 66 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Clean Harbors by 2.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock worth $503,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Clean Harbors by 52.4% during the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 75 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Clean Harbors by 34.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 304 shares of the business services provider’s stock worth $51,000 after purchasing an additional 78 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in Clean Harbors by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,107 shares of the business services provider’s stock worth $2,113,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH traded up $5.17 during midday trading on Monday, reaching $212.52. 407,596 shares of the company were exchanged, compared to its average volume of 328,882. 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 market cap of $11.46 billion, a PE ratio of 30.76 and a beta of 1.24. The business’s fifty day moving average is $193.88 and its two-hundred day moving average is $177.40. Clean Harbors, Inc. has a one year low of $132.92 and a one year high of $215.34.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the firm earned $1.36 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts predict that Clean Harbors, Inc. will post 7.46 earnings per share for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was 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 owns 4,767 shares in the company, valued at $897,912.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the completion of the sale, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John T. Preston sold 1,913 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the sale, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,385 shares of company stock worth $6,113,742. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CLH. BMO Capital Markets boosted their price target on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday. Oppenheimer upped their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research note on Monday, April 22nd. Raymond James boosted their price objective on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $216.40.

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.