Lisanti Capital Growth LLC Cuts Position in Clean Harbors, Inc. (NYSE:CLH)

Lisanti Capital Growth LLC lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 biggest holding. Lisanti Capital Growth LLC's holdings in Clean Harbors were worth $5,355,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CLH. Los Angeles Capital Management LLC increased its holdings in shares of Clean Harbors by 5.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,465 shares of the business services provider's stock worth $596,000 after buying an additional 130 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Clean Harbors by 25.6% in the third quarter. Crossmark Global Holdings Inc. now owns 4,208 shares of the business services provider's stock worth $1,017,000 after acquiring an additional 857 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Clean Harbors by 6.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 12,070 shares of the business services provider's stock worth $2,917,000 after purchasing an additional 770 shares during the period. Sigma Planning Corp increased its position in shares of Clean Harbors by 5.5% during the 3rd quarter. Sigma Planning Corp now owns 4,456 shares of the business services provider's stock valued at $1,077,000 after purchasing an additional 233 shares during the last quarter. Finally, Privium Fund Management B.V. raised its holdings in Clean Harbors by 15.0% during the 3rd quarter. Privium Fund Management B.V. now owns 1,300 shares of the business services provider's stock valued at $314,000 after buying an additional 170 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Lauren States sold 309 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now directly owns 13,458 shares of the company's stock, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Lauren States sold 309 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the sale, the director now owns 13,458 shares of the company's stock, valued at approximately $3,284,963.22. This trade represents 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. Also, insider Robert Speights sold 610 shares of the business's 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 transaction, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,227 shares of company stock valued at $2,759,617. Corporate insiders own 5.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CLH shares. Robert W. Baird cut 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. Needham & Company LLC cut their price target on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Stifel Nicolaus reaffirmed a "buy" rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Finally, Truist Financial boosted their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $254.33.

Clean Harbors Stock Up 1.0 %

CLH stock traded up $2.59 during trading on Monday, hitting $262.85. 120,749 shares of the company's stock traded hands, compared to its average volume of 297,722. The business has a fifty day simple moving average of $247.16 and a two-hundred day simple moving average of $231.76. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $14.17 billion, a P/E ratio of 34.28 and a beta of 1.20. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates 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 was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 EPS. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.29 EPS 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.