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

Lisanti Capital Growth LLC cut its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 38.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Clean Harbors in the 4th quarter valued at $57,956,000. FMR LLC lifted its stake in shares of Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock worth $422,319,000 after purchasing an additional 187,140 shares during the last quarter. Wellington Management Group LLP boosted its position in Clean Harbors by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider's stock valued at $834,323,000 after purchasing an additional 100,394 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Clean Harbors by 50.4% in the fourth quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider's stock valued at $68,367,000 after purchasing an additional 99,591 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Clean Harbors in the fourth quarter worth about $16,525,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clean Harbors

In related news, CFO Eric J. Dugas acquired 1,050 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,649 shares of company stock worth $738,519 over the last 90 days. 5.90% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

CLH has been the topic of a number of recent analyst reports. Oppenheimer lowered their price target on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Robert W. Baird cut their price target on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Truist Financial decreased their price objective on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Finally, StockNews.com upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Clean Harbors has an average rating of "Buy" and an average target price of $270.56.

Clean Harbors Stock Performance

Clean Harbors stock traded up $4.28 during trading hours on Tuesday, hitting $192.42. 805,308 shares of the stock traded hands, compared to its average volume of 476,346. Clean Harbors, Inc. has a 1 year low of $185.22 and a 1 year high of $267.11. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 25.93 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The firm's 50 day moving average price is $226.95 and its 200-day moving average price is $239.72.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Clean Harbors's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.