Oppenheimer Asset Management Inc. Has $11.79 Million Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Oppenheimer Asset Management Inc. lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,224 shares of the business services provider’s stock after selling 2,844 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Clean Harbors were worth $11,789,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. K.J. Harrison & Partners Inc raised its position in shares of Clean Harbors by 9.0% during the fourth quarter. K.J. Harrison & Partners Inc now owns 17,495 shares of the business services provider’s stock worth $4,015,000 after purchasing an additional 1,443 shares during the period. Amalgamated Bank raised its holdings in Clean Harbors by 0.3% during the 4th quarter. Amalgamated Bank now owns 24,263 shares of the business services provider’s stock worth $5,584,000 after buying an additional 73 shares during the period. Union Bancaire Privee UBP SA bought a new position in Clean Harbors in the fourth quarter valued at approximately $4,948,000. Sigma Planning Corp boosted its holdings in shares of Clean Harbors by 44.7% in the fourth quarter. Sigma Planning Corp now owns 6,446 shares of the business services provider’s stock valued at $1,483,000 after buying an additional 1,990 shares during the period. Finally, Transcend Capital Advisors LLC bought a new stake in shares of Clean Harbors during the fourth quarter worth $308,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Trading Down 1.5 %

Shares of Clean Harbors stock opened at $210.34 on Friday. The stock has a market cap of $11.33 billion, a P/E ratio of 28.35 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 12-month low of $180.37 and a 12-month high of $267.11. The business’s 50 day moving average is $231.04 and its 200-day moving average is $241.50.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 earnings per share. Equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the transaction, the director now owns 12,534 shares in the company, valued at approximately $3,071,582.04. This trade represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 924 shares of company stock valued at $219,570. 5.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CLH shares. Stifel Nicolaus cut their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. Robert W. Baird cut their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, BMO Capital Markets decreased their price target on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Moderate Buy” and a consensus target price of $270.56.

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.