115,870 Shares in Clean Harbors, Inc. $CLH Purchased by Shannon River Fund Management LLC

Shannon River Fund Management LLC purchased a new position in Clean Harbors, Inc. (NYSE:CLH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 115,870 shares of the business services provider’s stock, valued at approximately $26,907,000. Clean Harbors comprises approximately 4.3% of Shannon River Fund Management LLC’s holdings, making the stock its 11th largest position. Shannon River Fund Management LLC owned 0.22% of Clean Harbors at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CLH. Allworth Financial LP grew its holdings in shares of Clean Harbors by 22.8% during the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock worth $54,000 after purchasing an additional 43 shares during the period. MAI Capital Management boosted its position in shares of Clean Harbors by 6.1% in the second quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock worth $194,000 after buying an additional 48 shares during the period. HB Wealth Management LLC grew its stake in shares of Clean Harbors by 5.2% in the third quarter. HB Wealth Management LLC now owns 990 shares of the business services provider’s stock valued at $230,000 after buying an additional 49 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Clean Harbors by 0.5% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,460 shares of the business services provider’s stock worth $2,197,000 after acquiring an additional 49 shares during the period. Finally, SkyView Investment Advisors LLC raised its stake in shares of Clean Harbors by 2.3% during the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Up 1.2%

NYSE:CLH opened at $289.37 on Thursday. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 39.75 and a beta of 0.93. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $298.12. The business has a fifty day moving average of $268.38 and a 200-day moving average of $244.28.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. Clean Harbors’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 EPS. Equities analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Cowen restated a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. Oppenheimer raised their price objective on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Wells Fargo & Company boosted their price target on Clean Harbors from $248.00 to $291.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. The Goldman Sachs Group raised their price objective on Clean Harbors from $228.00 to $253.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Finally, Needham & Company LLC lifted their price objective on shares of Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.18.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 601 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the completion of the sale, the chief executive officer owned 50,454 shares in the company, valued at $12,154,368.60. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Eric J. Dugas sold 2,788 shares of Clean Harbors stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the completion of the transaction, the chief financial officer directly owned 15,933 shares in the company, valued at $4,482,112.23. This represents a 14.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 7,679 shares of company stock worth $2,132,403 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.

Clean Harbors Company 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.