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

Lisanti Capital Growth LLC reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 38.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,545 shares of the business services provider’s stock after selling 8,610 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Clean Harbors were worth $3,117,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP grew its stake in Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after buying an additional 100,394 shares during the last quarter. FMR LLC grew its stake in shares of Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after acquiring an additional 187,140 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Clean Harbors by 0.5% during the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock valued at $386,477,000 after acquiring an additional 7,948 shares in the last quarter. State Street Corp raised its position in shares of Clean Harbors by 1.5% in the 3rd quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after purchasing an additional 21,662 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Clean Harbors by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock valued at $204,955,000 after purchasing an additional 11,808 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Oppenheimer cut their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Truist Financial cut their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday. Stifel Nicolaus dropped their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, BMO Capital Markets reduced their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and a consensus price target of $270.56.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the sale, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 924 shares of company stock worth $219,570. 5.90% of the stock is owned by company insiders.

Clean Harbors Stock Down 2.3 %

Clean Harbors stock opened at $197.49 on Friday. The business’s 50-day moving average price is $229.11 and its 200 day moving average price is $240.73. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 26.62 and a beta of 1.22. Clean Harbors, Inc. has a 52 week low of $184.51 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter last year, the company earned $1.82 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors 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.