Lisanti Capital Growth LLC Invests $1.72 Million in Clean Harbors, Inc. $CLH

Lisanti Capital Growth LLC purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,745 shares of the business services provider’s stock, valued at approximately $1,716,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in shares of Clean Harbors by 94.4% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock valued at $4,874,000 after buying an additional 8,252 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Clean Harbors during the 4th quarter worth $938,000. Swedbank AB boosted its stake in shares of Clean Harbors by 7.1% during the 4th quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock worth $35,172,000 after acquiring an additional 10,000 shares in the last quarter. New York Life Investment Management LLC acquired a new position in shares of Clean Harbors in the 4th quarter worth $1,065,000. Finally, Corient Private Wealth LLC grew its holdings in shares of Clean Harbors by 152.9% in the 4th quarter. Corient Private Wealth LLC now owns 12,682 shares of the business services provider’s stock worth $2,975,000 after acquiring an additional 7,667 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CLH. BMO Capital Markets upped their target price on Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. Wells Fargo & Company lifted their price target on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research note on Friday, July 31st. Citigroup boosted their price objective on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. UBS Group upped their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and an average price target of $354.57.

Insider Activity

In other news, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,078 shares of company stock worth $1,276,908 in the last 90 days. Company insiders own 5.00% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $324.86 on Thursday. The company’s fifty day moving average is $303.87 and its two-hundred day moving average is $293.96. The company has a market cap of $17.15 billion, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.36 earnings per share. Equities analysts expect that Clean Harbors, Inc. will post 9.51 earnings per share for the current fiscal year.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.