Lisanti Capital Growth LLC Acquires New Shares in Clean Harbors, Inc. $CLH

Lisanti Capital Growth LLC bought a new stake in Clean Harbors, Inc. (NYSE:CLH) during the second quarter, Holdings Channel reports. The institutional investor bought 5,745 shares of the business services provider’s stock, valued at approximately $1,716,000.

Several other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Clean Harbors by 102.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock valued at $431,000 after buying an additional 1,109 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after buying an additional 196 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Clean Harbors by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after acquiring an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. raised its position in Clean Harbors by 65.1% during the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its stake in Clean Harbors by 1.4% in the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after acquiring an additional 60 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were 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 approximately $2,819,495.79. This represents a 8.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren States sold 789 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the transaction, the director owned 11,359 shares in the company, valued at $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,078 shares of company stock valued at $1,276,908. Company insiders own 5.00% of the company’s stock.

Clean Harbors Stock Up 1.7%

CLH opened at $324.86 on Thursday. The firm 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. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The business has a 50 day moving average price of $303.87 and a 200 day moving average price of $293.96. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $335.94.

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

Analyst Upgrades and Downgrades

CLH has been the subject of several recent research reports. Needham & Company LLC boosted their target price on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus raised their price target on shares of Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Truist Financial upped their price objective on shares of Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Barclays increased their target price on shares of Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors 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.