Oppenheimer Asset Management Inc. Sells 21,692 Shares of Clean Harbors, Inc. (NYSE:CLH)

Oppenheimer Asset Management Inc. cut its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 28.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 54,068 shares of the business services provider’s stock after selling 21,692 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Clean Harbors were worth $13,069,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Swedbank AB raised its stake in Clean Harbors by 83.3% during the second quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock valued at $24,876,000 after buying an additional 50,000 shares during the last quarter. Driehaus Capital Management LLC raised its stake in Clean Harbors by 17.1% during the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock valued at $28,000,000 after buying an additional 18,058 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Clean Harbors by 25.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider’s stock valued at $4,491,000 after buying an additional 4,554 shares during the last quarter. Bridges Investment Management Inc. purchased a new position in Clean Harbors during the second quarter valued at $729,000. Finally, Northcape Capital Pty Ltd purchased a new position in Clean Harbors during the third quarter valued at $2,324,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Down 0.6 %

CLH stock opened at $259.13 on Thursday. Clean Harbors, Inc. has a fifty-two week low of $158.42 and a fifty-two week high of $267.11. The business’s 50-day moving average is $248.43 and its two-hundred day moving average is $232.89. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 33.74 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted $1.68 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. As a group, analysts forecast that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the transaction, the director now owns 13,150 shares of the company’s stock, valued at approximately $3,428,731. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Clean Harbors news, insider Robert Speights sold 610 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the sale, the director now owns 13,150 shares of the company’s stock, valued at approximately $3,428,731. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,227 shares of company stock valued at $2,759,617. 5.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Truist Financial lifted their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC decreased their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Oppenheimer boosted their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $254.33.

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.