2,640 Clean Harbors, Inc. $CLH Shares Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lifted its stake in Clean Harbors, Inc. (NYSE:CLH) by 46.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,385 shares of the business services provider’s stock after acquiring an additional 2,640 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Clean Harbors were worth $2,601,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Reyes Financial Architecture Inc. acquired a new position in Clean Harbors during the third quarter worth $31,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Clean Harbors in the second quarter valued at $36,000. Elevation Wealth Partners LLC grew its stake in shares of Clean Harbors by 317.6% in the third quarter. Elevation Wealth Partners LLC now owns 142 shares of the business services provider’s stock valued at $44,000 after buying an additional 108 shares in the last quarter. Pension & Wealth Management Advisors Inc. purchased a new stake in shares of Clean Harbors in the 3rd quarter valued at $53,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Clean Harbors in the 3rd quarter valued at $87,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, Director Karyn Polito bought 125 shares of the firm’s stock in a transaction dated Thursday, October 29th. The stock was acquired at an average price of $314.83 per share, for a total transaction of $39,353.75. Following the completion of the purchase, the director owned 4,252 shares of the company’s stock, valued at approximately $1,338,657.16. This represents a 3.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the firm’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 directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. This represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. 5.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup lifted their target price on Clean Harbors from $378.00 to $379.00 and gave the company a “buy” rating in a research report on Monday, November 2nd. Wells Fargo & Company increased their price target on shares of Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Robert W. Baird set a $375.00 price objective on shares of Clean Harbors in a research note on Thursday, October 29th. Needham & Company LLC lifted their price objective on shares of Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Stifel Nicolaus increased their target price on shares of Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $365.29.

Clean Harbors Stock Up 0.1%

Clean Harbors stock opened at $290.34 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.63 and a current ratio of 1.95. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The stock has a 50-day simple moving average of $312.00 and a 200-day simple moving average of $298.84. The company has a market capitalization of $15.31 billion, a P/E ratio of 29.15, a PEG ratio of 1.62 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 28th. The business services provider reported $3.93 earnings per share for the quarter, beating the consensus estimate of $3.26 by $0.67. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.73 billion. Clean Harbors had a return on equity of 18.27% and a net margin of 8.05%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.21 earnings per share. Equities research analysts expect that Clean Harbors, Inc. will post 10.33 earnings per share for the current year.

About Clean Harbors

Clean Harbors, Inc. provides environmental, industrial and hazardous waste management services to businesses and government organizations. Its services include the collection, transportation, treatment and disposal of hazardous and non-hazardous waste, as well as industrial cleaning and maintenance. The company also offers emergency spill response and related environmental services. Through its Safety-Kleen operations, Clean Harbors collects and re-refines used oil and provides parts-cleaning and other environmental services to commercial and industrial customers.